Compliance & Regulation

Legacy mortgage insurers welcome the level playing field that will come with a recent capital retention proposal, even though the new requirements will have a greater impact on firms that have larger volumes of insurance on high-risk loans.

CertusBank in Greenville, S.C., has agreed to sell its mortgage and wealth businesses as it tries to move past its history of high expenses and heavy losses.

The U.S. Treasury is seeking to stoke issuance in the mortgage-bond market by pushing credit-rating firms to offer more information on how they might grade securities tied to riskier loans.

A federal court in North Carolina ruled against the Federal Deposit Insurance Corp.'s takeover and multimillion-dollar loan loss claim against Cooperative Bank.

Despite regulatory constraints on servicing transfers that affect large players, increased compliance costs and capital ratio requirements are a bigger burden for smaller servicers to bear.

Another important concern when it comes to the safety of borrowers' home loan information is physical location. There have been many physical loan files stolen, as well as computers.

Residential mortgage originator PrimeLending has entered into a new business relationship with LifeLock, a provider of identity theft protection services.

A plea for the Federal Housing Administration official to finish clarifying the rights of spouses unnamed on Home Equity Conversion Mortgages before she leaves office.

HSBC Holdings Plc will pay $550 million to resolve accusations of misconduct in its handling of mortgage securities that saddled taxpayers with losses after the financial crisis.

Nope, it's not more money, at least not directly. The key to hiring a good loan officer, or retaining one, is said to be showing that your mortgage shop can close loans on time, act professionally and protect employees' reputations in the market.