Compliance & Regulation

LRES in Orange, Calif., and OSC in Kennesaw, Ga., have partnered to broaden their offerings of real estate services.

The Senate passed a bipartisan bill late Tuesday that would cap executive pay at Fannie Mae and Freddie Mac.

License numbers for loan officers, real estate agents and settlement agents will be required on one of the new TILA-RESPA integrated disclosure forms, raising questions about whether they could trigger investigations of possible illegal marketing services agreements.

California lawmakers passed legislation to change the way communities wind down their shuttered redevelopment agencies, leaving cities and their advocates trying to tally the effects of the last-minute bill.

Natural disasters and hidden property defects are about all lenders can count on to constitute a "changed circumstance" delay on the Loan Estimate — but prepare for a case-by-case evaluation, anyway.

Loan performance has improved since the housing crisis. But credit challenges persist, while higher housing costs combined with a plateau in wages have put increased strain on some borrowers' finances.

Freddie Mac is making plans for its first risk-sharing transaction tied to actual losses on mortgages with higher loan-to-value ratios in the 80% to 95% range.

Brian Webster, the Consumer Financial Protection Bureau's mortgage originations program manager who has worked on a number of technology-related policy and research initiatives, is leaving the agency to join Wells Fargo Home Mortgage.

Sen. Elizabeth Warren is withdrawing her support for a Republican bill that had been on the fast track to bar the Treasury Department from selling Fannie Mae and Freddie Mac preferred shares, according to a person familiar with the matter.

Mission Capital Advisors in New York has merged its mortgage services business with Global Financial Review Inc. in Englewood, Colo.