Compliance & Regulation

An automated consumer training technology aims to mitigate compliance risk in loans outside qualified mortgage standards for liability protection.

Fannie Mae and Freddie Mac's new low down payment loans products may not represent such a risk to the Federal Housing Administration program as some have feared.

Only eleven months after cheering Federal Housing Finance Agency Director Melvin Watt's confirmation, Senate Democrats are fed up with the pace of reforms at the agency.

More than 60 members of Congress joined banks and credit union trade groups this week in urging the agency to modify its plan to require members of the 12 regional Home Loan Banks to hold a certain percentage of mortgages on their books.

Going from 5% to 3% may seem like a small difference, but depending on the details, it could mean thousands of new buyers into the market.

WASHINGTON — The top Republican and Democratic spots on the House Financial Services Committee will remain unchanged in the new Congress.

The New York unit of Japanese securities firm Nomura Holdings may be three traders short after reportedly placing them on leave, but the firm is said to have muscled away a large auction held yesterday.

Lawyers for the U.S. and Wells Fargo told a judge they doubt they can reach a settlement in a government lawsuit accusing the bank of home-mortgage fraud, a person familiar with the matter said.

The Obama administration is committed to reducing FHA premiums for borrowers who complete the housing counseling program.

A secondary market system "dominated by Fannie and Freddie in conservatorship is simply not desirable," Castro says.