Compliance & Regulation

Before Dodd-Frank, proving risk management precautions were in place was enough; now, the only real defense lenders and servicers have is an audit trail showing how violations were avoided.

The CFPB's powers to initiate enforcement actions are nearly boundless.

ACORE Capital announced Tuesday its formation as a commercial real estate finance and risk management solutions provider.

The New York Department of Financial Services has announced new title insurance rates for consumers who refinance their mortgage.

WASHINGTON — A new mortgage disclosure regime due to take effect on Aug. 1 is unlikely to cause closing delays, according to Consumer Financial Protection Bureau Director Richard Cordray.

Issuance of securities without government backing tied to homeowners with weak credit records or other imperfections has been frozen since 2008.

It's not clear how much capital European insurers will need to hold against their investments in U.S. securitizations or whether they can even invest in some of these deals at all.

Most banks appear to be coping well with the CFPB's ability-to-repay rule for mortgages, but the burden is falling harder on community banks. A new proposal that would allow more small lenders to grant home loans to borrowers with high levels of debt could help.

WASHINGTON — The Consumer Financial Protection Bureau filed a lawsuit on Monday against an Ohio-based loan administrator and its owner for allegedly deceptively marketing services that claimed to save consumers money on their mortgage while any actual savings was offset by high fees.

In response to the guidance offered by one of our commenters recently, Freddie Mac sets the record straight about their review process.