Compliance & Regulation

The FHA forward loan program has helped millions of families finance homes and is poised to thrive if untangled from HECM in the MMI. FHA’s ability to serve these families should not be affected by issues associated with the HECM program.

Negative attitudes in Washington toward the mortgage industry are starting to thaw, yet devising Fannie Mae and Freddie Mac's exit from conservatorship or charting the future of housing finance reform still will be tough.

Real estate investment trust ZAIS Financial Corp.'s acquisition of privately owned mortgage company GMFS proved to be highly dilutive to earnings.

Fannie Mae selected a chief internal auditor with an "inherent conflict of interest" and the mortgage giant's process for filling the position was faulty, according to a watchdog report to be released Wednesday.

Banks can expect to incur higher costs in several areas during the implementation of a settlement agreement to improve the accuracy of credit reports. But they might benefit in the long run by getting better information on borrowers.

Telecommuting isn't new for front-office loan officers, but in an increasingly competitive hiring environment, some mortgage lenders now let their underwriters work from home, too.

A New Jersey man admitted in federal court Monday that he helped perpetrate a $13 million mortgage scam that targeted overbuilt condos in Wildwood and Wildwood Crest.

KeyCorp has been getting back into full-scale residential lending as part of a broader strategy to deepen client relationships. The market's shift toward purchase activity and defined mortgage rules also played a role.

Lenders should carefully evaluate their business practices and the importance of an actual pre-approval process in the context of their operations.

Authorities unsealed a 40-count indictment against six individuals who allegedly targeted distressed homeowners with the false promise of loan modification services following the 2008 financial crisis.