Compliance & Regulation

Too many lenders simply gather their mortgage application data for their annual HMDA report and send it to their regulators without realizing its value, according to David Moffat, president and chief executive of Mortgage TrueView.

EverBank failed to properly determine mortgagor eligibility for the Federal Housing Administration's preforeclosure sale program, according to an audit report released by the inspector general for HUD.

The collapse of securities tied to Fannie Mae and Freddie Mac punished some of Wall Street's best known money managers, with star investor Bruce Berkowitz's main mutual fund losing about $600 million.

Community banks, by and large, appear well-prepared for capital standards that Basel II will phase in beginning in January. Still, concerns remain on how the requirements will shape cost structures and consolidation at smaller institutions.

A lawsuit filed by low-income housing advocates designed to force the Federal Housing Finance Agency to provide money to a housing trust fund has been blocked by a U.S. district court judge.

Lenders desperately want to make potentially lucrative home loans to those with less-than-stellar credit, but only a few are willing to try given legal uncertainties. Here's how a few are designing their products to get a jump on the competition.

AllRegs has begun publishing FHA single-family policies on its publishing platform.

Fannie Mae and Freddie Mac plunged in early trading after investors including Bruce Berkowitz's Fairholme Capital Management LLC lost a legal bid yesterday to force the bailed-out companies to share profits with private shareholders.

JPMorgan Chase lost a bid to block buyers of $10 billion worth of residential mortgage-backed securities it packaged in 2007 to proceed as a group with their lawsuit alleging the bank misled them.

The rapidly changing environment in the mortgage industry requires executives to have a more comprehensive vision for executing effective change management strategies.