Compliance & Regulation

People who lack a credit or work history in the United States may have trouble getting a mortgage under the new qualified-mortgage rule, bankers say. A number of immigrants are self-employed, which makes it even harder to qualify.

Mortgage-bond traders at JPMorgan Chase, Morgan Stanley and Royal Bank of Scotland Group were placed on leave in recent weeks or months, according to people familiar with the matter.

Distressed homeowners who obtained loan modifications fell to approximately 42,000 in February, a 5% decrease from the month before and a sign that the number of borrowers needing assistance is declining, according to the Hope Now alliance.

The number of underwater homeowners who received principal reductions on their mortgages through the Keep Your Home California program increased dramatically in 2013.

But be aware of the business and regulatory risks associated with closing loans in your own name.

Commissioner Carole Galante says the Federal Housing Administration's insurance fund must be strengthened before insurance premiums can be reduced, but outlined alternatives to improve credit availability.

Legal Battles Took a Toll on JPMorgan Chase, but CEO Jamie Dimon is now urging investors to focus on the future. Among his top initiatives for 2014: making the most of big data and strengthening cybersecurity.

everyone, including the underwriter, has an impact on customer experience and denying that means you are no closer to addressing it.

The Michigan company has pledged $1 million to help people buy homes in the Marygrove College neighborhood. Homeowners can get up to $25,000 and have $5,000 shaved off the balance each year they live there.

The USDA's Rural Housing Service is seeking congressional approve for a lender-funded update to its loan-guarantee program that will speed up loan processing.