Compliance & Regulation

Buying a home in California became slightly more within reach in the last quarter of 2014 compared with the quarter prior, but affordability fell overall year-to-year.

Amid a growing investor appetite for risk, efforts to standardize private-label securities are key to helping ensure the market's healthy return.

Emphasizing the good factors of TILA-RESPA is an important part of ensuring the project team is sending the right message throughout the company.

WASHINGTON — The Consumer Financial Protection Bureau took action Thursday against three mortgage companies that, authorities say, falsely implied affiliation with the U.S. government.

Mayor Mike Duggan said that he is working with major investors to create a home-lending program to make it easier for Detroit homeowners to get mortgage-type loans to buy houses.

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.