Compliance & Regulation

The recent delay of new HECM rules is a reprieve for lenders scrambling to implement training and systems updates ahead of the original deadline. But it's also prompted questions about a key technology used by the reverse mortgage industry.

CertusHoldings in Greenville, S.C., has agreed to sell its small business finance unit to BankUnited in Miami Lakes, Fla.

Unless we are willing to consider housing policies that reflect the economic conditions young adults in this country are actually facing, we will never solve the problems in U.S. housing markets.

Michael Stegman, a top housing policy adviser, urged regulators on Thursday to bring more private capital into the market, even in the absence of legislative momentum.

The government sweep of profits from Fannie Mae and Freddie Mac was defended by the top Treasury Department housing official, who called again for Congress to replace the U.S.-owned mortgage-finance giants.

More than half of borrowers with home equity lines of credit that will reset this year have seriously underwater properties, and that risk is likely to grow further next year.

The Federal Housing Finance Agency won't keep renewing initiatives like the Home Affordable Refinance Program in perpetuity, even if it is extended again before it expires in December, Director Mel Watt said Wednesday.

Weaker appreciation in the low end of the housing market, combined with higher costs to originate mortgages tied to new regulatory compliance obligations, make smaller loans less attractive for lenders.

Compliance with data security requirements can be affected by the layout of your office.

Consumer Financial Protection Bureau Director Richard Cordray said a review of its "qualified mortgage" rule will allow enough time to consider changes if lawmakers fail to make progress on housing finance before a key deadline.