Compliance & Regulation

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.

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.