Compliance & Regulation

New regulations for credit rating agencies that took effect this week are expected to make mortgage and other asset-backed securities more transparent by requiring broader disclosure of certain due diligence reports.

More than a year after the CFPB revamped its employee rating system following allegations of discrimination Equal Employment Opportunity complaints have surged and the agency faces ongoing accusations of bias and retaliation against workers who speak out.

Almost seven years after the financial crisis, bond investors are rediscovering their appetite for new debt tied to the housing market.

Casey Crawford went from playing on a team that won the Super Bowl to running a mortgage company that he expects to originate almost $8 billion in U.S. home loans this year.

The decline in foreclosures and short sales is contributing to the dearth of housing inventory, complicating the prospects for home buyers feeling the pinch of tight credit and lenders that need purchase mortgages to supplant refinancing once interest rates rise.

Freddie Mac is planning its fifth risk-sharing transaction of the year.

California Gov. Jerry Brown violated state law by diverting more than $331 million in mortgage settlement funds for uses unrelated to housing, a Superior Court judge ruled.

Throwing bodies at TRID implementation won't solve problems. Using technology to automate origination processes can help rein in costs and maintain compliance.

A new Department of Housing and Urban Development policy will make it easier for servicers to transfer certain reverse mortgages back to HUD instead of foreclosing on widowed nonborrower spouses.

Several House lawmakers joined the call Thursday for a formal grace period for new mortgage disclosures that would go beyond an earlier decision by the Consumer Financial Protection Bureau.