Compliance & Regulation

Citigroup CEO Michael Corbat reflected with Warburg Pincus CEO Joseph Landy and Paulson & Co. CEO John Paulson on the growth paradigm of tomorrow’s financial markets, the role of shadow banking within it and how the world for megabanks has become permanently smaller.

The Consumer Financial Protection Bureau's action against Flagstar Bank on Monday marked a series of firsts for the agency, including the first time it enforced its new mortgage servicing rules and the first time it banned a servicer from servicing new loans until fixes are made.

Essex Property Trust said on Monday that its computer networks have been hacked.

Hefty penalty seems 'puzzling' since the Seattle and Des Moines FHLB merger seems on track to be the first voluntary merger in the 82-year history of the Federal Home Loan Bank System.

WASHINGTON — Michigan-based Flagstar Bank will be required to pay $37.5 million in restitution and fines over regulatory allegations it blocked struggling homeowners from receiving foreclosure relief, the Consumer Financial Protection Bureau said Monday.

Recovery rates for liquidated commercial mortgage-backed security loans rose during the first half of this year after reaching historic lows the two previous quarters, according to Fitch Ratings.

This shows that the Consumer Financial Protection Bureau will hold a company responsible for the actions of a third party, regardless of intent, if a consumer is negatively affected.

Fannie Mae and Freddie Mac, which attracted investors such as hedge-fund manager Bill Ackman even as the mortgage giants hand over their profits to taxpayers, are tumbling again.

Commercial real estate lender Walker & Dunlop has added three originators to a conduit and high-yield lending joint venture with Fortress Investment Group.

More community banks are looking to outsource their mortgage operations to reduce the regulatory burden, but structuring such deals – and determining proper compensation – can be tricky. Here's how two Chicago-area lenders solved the problem.