Compliance & Regulation

Georgia's Department of Banking and Finance has finalized a cease-and-desist order against Community Legal Center.

The government-sponsored enterprises' changes to their representations and warranties regulations could increase lending, or cause taxpayer losses related to GSE purchases of bad loans. Here's why advocates like the move.

Market participants are encouraged by the FHFA's move to ease repurchase requirements — which will likely result in a continued domination of the market by government agencies.

Investor confidence in Ocwen Financial was clearly shaken Monday after New York state regulators forced the firm's founder out as part of a $150 million settlement.

A group of 17 Congressional Democrats sent a letter to Department of Housing and Urban Development Secretary Julian Castro, calling for more foreclosure protections for Home Equity Conversion Mortgage borrowers' spouses.

Payments on mortgages that have passed the 60-days-late mark have seen a "material drop" from their recession-era peak, but have not returned to "normal" levels yet. They're getting closer, though.

Trustees for mortgage bond investors asked a New York court to approve a $1.13 billion settlement reached in April with Citigroup Inc. as the bank seeks to resolve liabilities for loans it packaged and sold in the run-up to the 2008 financial crisis.

Curt Culver has got a lot to keep him busy after he steps down as Mortgage Guaranty Insurance Corp.'s CEO, including serving on the board of his family's eponymous restaurant chain.

Mortgage companies must properly vet their third-party vendors to ensure that there is no litigation, fraud allegations, or other risky behavior that might create risk for them.

Ocwen Financial has agreed to pay $150 million to New York regulators to settle allegations that it fudged foreclosure documents and said Monday that its founder and, executive chairman, William Erbey is stepping down after 30 years with the Atlanta company.