Compliance & Regulation

Recent regulatory settlements have made it abundantly clear that medical records are off-limits to lenders trying to verify the incomes of mortgage applicants on long-term disability.

Doral Financial in San Juan, Puerto Rico, continues to shed assets.

Careful underwriting can take away much of the risk of this supposedly risky type of mortgage lending and contribute to profitable new business.

Deutsche Bank officials have received the go-ahead to finance U.S. home lenders, something it has not done since the financial crisis. The bank's plan is to finance a small, but potentially much larger, mortgage segment that falls outside government standards.

Fannie Mae and Freddie Mac investors are turning their focus to an appeal and multiple pending lawsuits after a federal judge rejected their bid for a share of the companies' profits.

Ben Bernanke said the mortgage market is still so tight that he's having a hard time refinancing his own home loan.

FHA commissioner Galante initiated the handbook rewrite to provide more detail and certainty for lenders.

The Supreme Court said Thursday it would hear a case related to the use of "disparate impact" theory to pursue entities for unintentional discrimination, a move that could have significant ramifications for banks.

The Federal Reserve must take steps to improve handling of complex settlements like the one reached with mortgage servicers over improper foreclosures, an internal watchdog said in a report.

It might be time for the industry to consider a "less is more" view when it comes to offering consumers mortgage product options.