Compliance & Regulation

Local officials could have a new weapon, courtesy of state government, in a drive to thin out empty residences and buildings in St. Joseph, Mo.

A recently launched program in New York state is helping distressed borrowers avoid foreclosure.

Mortgage-focused real estate investment trusts, including those affiliated with Western Asset Management and Pine River Capital Management, are backing loans to Americans who don't meet banks' requirements.

Commercial mortgage-backed security performance could come under further strain this year, as the underwriting on the underlying commercial mortgages continues to loosen. Here are eight indicators to consider in sizing up the CMBS market this year.

United Shore, a lender based in Troy, Mich., has added a new position to its management team, consumer advocate.

Lower litigation costs helped Bank of America's mortgage unit curb its losses, while Citi's fourth quarter origination volume dropped 18% from a year ago.

Facing the prospect of losing its license in California, Ocwen would be wise to settle its probe by state regulators in a timely manner, observers said. If it doesn't, the mortgage servicer could lose significant revenue and might even face a cash crunch.

The American Land Title Association released a statement pushing back against a new Consumer Financial Protection Bureau initiative.

The Supreme Court has denied an appeal from several banks regarding a lawsuit filed by NCUA concerning the sale of mortgage-backed securities that contributed to the failure of two corporate credit unions more than seven years ago.

A federal agency's plan to tighten membership rules for Federal Home Loan banks would hurt community banks and credit unions — and could endanger the financial system, according to a broad array of stakeholders, including state regulators, lawmakers and institutions.