Compliance & Regulation

A former court clerk in Illinois has been indicted for accepting a cash bribe, in exchange for creating a forged deed on a home.

Despite pledges last year to move “aggressively” to implement new credit scoring models at the government-sponsored enterprises, the Federal Housing Finance Agency’s effort appears to have stalled.

The Consumer Financial Protection Bureau finalized a rule Monday that will make it easier for some community banks to make qualified mortgages.

Banks that want more explicit regulatory guidance on rules requiring managers to keep "skin in the game" with deals for collateralized loan obligations may be forced to keep waiting.

Lenders should be excited about the TILA-RESPA Integrated Disclosures because it will help them provide better customer service and new opportunities to engage and educate borrowers.

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.