Compliance & Regulation

While lenders do not survey applicants on sexual orientation for their Home Mortgage Disclosure Act reports, a look at the data on same-sex couple applicants is intriguing.

An appeals court on Wednesday voided a controversial decision in 2011 by New York Judge Jed S. Rakoff, saying he erred in scuttling a $325 million settlement between the Securities and Exchange Commission and Citigroup.

Fairholme Capital Management sold $51 million in the common shares of mortgage financiers Fannie Mae and Freddie Mac to activist investor Carl Icahn, according to a court filing.

The Senate Banking Committee approved legislation Tuesday to extend the Terrorism Risk Insurance Act, a program due to expire at yearend. It also considered making a legislative fix to the Dodd-Frank Act. Here’s what happens next.

Debt on Willis Tower, formerly the tallest U.S. building, was put in special servicing after the borrower requested a loan modification, Fitch Ratings said.

McGraw Hill Financial Inc.'s Standard & Poor's unit must go to state court to face claims by 18 states and the District of Columbia alleging inflated ratings of securities in the run-up to the 2008 financial crisis.

National home price appreciation slowed for the fifth straight month in May, continuing a trend that's expected to continue into the summer selling season.

The Senate Banking Committee approved a bill Tuesday to reauthorize the Terrorism Risk Insurance Act for seven years.

The Supreme Court agreed last month to resolve a stark divide in the United State Courts of Appeals regarding the time bar for residential mortgage borrowers to file suits related to mortgage loan rescissions under the Truth in Lending Act.

Further lender-placed insurance reform is part of new Federal Housing Finance Agency Director Mel Watt's strategic plan, likely shifting the balance between business and borrower interests back toward consumers.