Compliance & Regulation

Making the GSEs out to be the villains of the mortgage crisis is an easy sell to a fearful and angry public, but doesn’t make it true. Partly due to this mindset, housing markets remain held hostage.

A lender which paid millions in connection with a Consumer Financial Protection Bureau consent decree has been sued civilly in a class action pertaining to the same activity.

A slow and uncertain housing recovery continues, according to a report by Freddie Mac.

Regulators issued a proposal on Friday that would require banks to escrow premiums and fees for flood insurance on mortgages made or refinanced after Jan. 1, 2016.

The Ryland CEO says new Fannie and Freddie low-down-payment loan products could have a big impact on next spring's selling season.

Most of the securitized single-family market is currently exempt, but only a tiny part of the commercial equivalent is. However, nonexempt commercial will get more expensive to issue, and the single-family exemption could change.

Mortgage lenders will have 210 days to fix errors in their calculations of points and fees and reimburse borrowers for any overages under a final rule issued by the Consumer Financial Protection Bureau.

The Federal Reserve Board and Securities and Exchange Commission on Wednesday both signed off on an interagency rule requiring securitizers to hold 5% of the credit risk on loans sold to investors.

The nation's largest mortgage lender is the first to say it will distribute the new Closing Disclosure to consumers, but other lenders, especially smaller ones, may not follow along.

New York banking regulator Benjamin Lawsky's latest crackdown on Ocwen Financial may undo Ocwen's deal to buy billions of dollars of mortgage-servicing rights from Wells Fargo, and it could complicate similar deals involving other banks and servicers.