Compliance & Regulation

When Seattle Mayor Ed Murray created a blue-ribbon panel on housing affordability in September, he used the word "urgency."

Standard & Poor's $1.5 billion settlement with the U.S. Justice Department, more than a dozen states and the biggest U.S. pension fund today will let the world's biggest rating company move beyond a bruising legal battle, at a steep cost.

President Obama's 2016 budget plan tackled a host of big picture items for mortgages, including Dodd-Frank reform, FHA lending and GSE reform.

Government-backed U.S. mortgage bonds posted their worst monthly returns relative to Treasuries since the 2008 financial crisis as the $5.5 trillion market braces for a surge in homeowner refinancing.

The widespread return of the subprime mortgage business will be the big event for the mortgage industry in 2015.

Borrowers with lower credit scores accounted for a greater share of loan volume in December 2014 than they did in December 2012, according to a sample of mortgages processed by the Ellie Mae loan origination system.

D.C. is one of the only jurisdictions in the country to guarantee tenants the right to band together and purchase a building before the landlord can offer it to an outside buyer.

Many ask whether there is any such thing as a “safe” marketing services agreement for mortgages. The answer, unequivocally, is yes.

McGraw Hill Financial Inc., the U.S. Justice Department and state attorneys general will announce a $1.4 billion settlement Tuesday over claims that Standard & Poor's inflated ratings on subprime mortgage bonds leading up to the 2008 financial crisis, according to two people with knowledge of the deal.

The Federal Housing Finance Agency will require nonbank mortgage firms to meet minimum liquidity and net worth standards to curb risks to taxpayers from the rapidly expanding industry.