Compliance & Regulation

Many banks are aggressively closing branches to cut costs. Those banks must be mindful about branches in moderate- and low-income neighborhoods or risk downgrades after their next Community Reinvestment Act examination.

New rules are illuminating a once-shadowy market where servicers can be quick to modify loans and may have few qualms about principal reduction. Discounts or equity make such flexibility possible.

Fannie Mae, Freddie Mac and Ginnie Mae all overlooked warning signs about Taylor, Bean & Whitaker that make them partly to blame for the mortgage lender's multibillion fraud scheme, according to a government watchdog report.

A drop in homeownership among the native-born population, coupled with a pickup in the pace of homeownership gains among those who immigrated to the U.S. have narrowed the homeownership gap between the two demographics during the last decade, according to Fannie Mae research.

Sen. Sherrod Brown may give the country's biggest banks heartburn, but there are signs he's positioning himself as an industry ally ahead of a potential bid to run the Banking Committee.

The latest action against an auto lender underscores the CFPB's expectation that lenders will affirmatively act to protect customers throughout and after the consumption of the transaction.

Goldman Sachs Group Inc. agreed to pay $3.15 billion to repurchase residential mortgage-backed securities to resolve federal claims tied to the sale of the bonds to Fannie Mae and Freddie Mac.

Goldman Sachs is in the final stages of negotiating $1.1 billion settlement with the Federal Housing Finance Agency, according to a news report Friday.

Delta Lloyds' latest Dutch residential mortgage securitization has an innovative work-around to regulations that make it unattractive to use swaps to hedge interest rate mismatch.

Lower volume and improved processes are being credited for making mortgage lenders more efficient at getting loans through the origination process.