Compliance & Regulation

GOP lawmakers on Wednesday harshly criticized the Federal Housing Administration's recent move to lower insurance premiums, saying it violates the law and will be used to entice borrowers into predatory loans.

One of the most widely discussed ideas at ABS Vegas for boosting issuance of private-label residential mortgage securitization involves hiring a third party to monitor the quality of the collateral.

Sporting a black eye he got while playing basketball, CFPB Director Richard Cordray opened up to credit union executives about another dust-up — the decision to ease qualified mortgage restrictions for small and rural lenders.

The Qualified Mortgage rule, as well as increased scrutiny and more frequent auditing by regulatory agencies, has required lenders to embrace quality control to a far greater degree.

NewDay Financial has agreed to a $2 million fine after the Consumer Financial Protection Bureau alleged that the mortgage lender engaged in an improper kickback scheme and used deceptive marketing tactics targeted at veterans.

The Arizona Department of Real Estate has disciplined a number of Tucson real estate agents for trust account irregularities and audit violations, and others for unlicensed real estate activity.

Former Congressman Barney Frank, co-author of the Dodd-Frank Wall Street Reform Act, is not opposed to changes in the eponymous legislation, but in some cases he thinks the rules should be tightened, rather than loosened.

Black and Hispanic Americans are twice as likely as white Americans to be denied a mortgage, according to a new report.

The Consumer Financial Protection Bureau is raising concerns about the transparency and clarity of reverse mortgages based on more than a thousand complaints it received about the product.

The Consumer Financial Protection Bureau is raising concerns about the transparency and clarity of reverse mortgages based on more than a thousand complaints it received about the product.