Compliance & Regulation

Lenders and vendors found no bad surprises in the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosure exam guidance, but it didn't clarify much industry confusion either.

Treasuries rallied with U.S. stocks, while the dollar tumbled to a three-week low after the Federal Reserve decided against curtailing stimulus that has helped propel the third-longest bull market since World War II.

Wells Fargo is raising minimum credit score requirements on Federal Housing Administration loans, part of the ongoing jockeying by large banks to limit lawsuits by the Justice Department for defective FHA loans.

WASHINGTON — A bipartisan group of senators reintroduced a bill Wednesday that would prohibit lawmakers from using certain housing finance fees to offset unrelated government spending.

There is no universal definition of "TRID-ready," but any vendor claiming it's prepared for the new integrated disclosures should allow lenders to test the changes. Here's what to look for, and the red flags that should be cause for concern.

The window for moving financial services regulatory relief through Congress is rapidly closing, but there appears to be little hope that the partisan tensions that have stalled the process will ease in time.

Equifax has agreed to provide Fannie Mae with anonymous, loan-level FICO credit scores as part of its monthly disclosure program.

A report to examine the conditions surrounding last year’s unrest in Ferguson, Mo., is calling for officials to strengthen poor minority communities’ access to banking services and restrict the prevalence of predatory lending to reduce crime and poverty.

The Consumer Financial Protection Bureau could be doing more to "enhance the accuracy and completeness" of entries into its consumer complaint database, according to the agency's Inspector General.

Ocwen Financial said it expects to report a loss in its current fiscal year, as it continues to cut costs amid an investigation of its practices.