Compliance & Regulation

The message being telegraphed is consistent: lenders have been on notice to upgrade compliance and strict adherence is now expected.

Quicken Loans filed a lawsuit against the U.S. departments of Justice and Housing and Urban Development over a government inquiry into its FHA mortgage business.

Only about one in four former homeowners who lost property during the housing crash will soon become buyers again as tight credit keeps many out of the U.S. real estate market, according to a National Association of Realtors study.

The final rule outlining new criteria for private mortgage insurers of Fannie Mae and Freddie Mac loans lacks a key feature that industry participants had sought: the ability to count future insurance premiums towards capital reserves.

Consumers may see little change in the ultimate cost of Fannie Mae or Freddie Mac loans despite a restructuring of certain loan fees announced Friday by the Federal Housing Finance Agency.

Carrington Capital Management will challenge a court decision to award contractual damages to an investor it blocked from pulling money out of a mortgage securities fund it managed in 2007.

Who should hear consumer stories first, the CFPB or the financial services company already involved with the consumer?

First Horizon National in Memphis, Tenn., swung to a first-quarter loss after it paid $212.5 million to settle an investigation into its pre-crisis mortgage dealings.

FHFA's reduction appears likely to involve loan level price adjustments that the two government-sponsored enterprises charge borrowers and adverse market fees charged on every loan, but not a guarantee fee reduction that the industry has sought.

Despite a strong industry push, a bill to amend the Consumer Financial Protection Bureau's "qualified mortgage" rule is facing an uphill battle to enactment this year.