Compliance & Regulation

Credit requirements loosened the most in December, when 31% of mortgages had credit Fair Isaac & Co. credit scores below 700.

The Nigeria Mortgage Refinance Co. will sell bonds on capital markets and provide long-term financing to lenders that will help them extend more home loans.

Standard & Poor’s estimates that the number of months required to clear shadow inventory has risen to 51 months, 14 more than a year ago.

Ann Thompson intimated that she works almost exclusively with mortgage lenders and servicers examining their prioritization process to assess risk.

A court directed the Department of Housing and Urban Development to clarify the rights of unnamed spouses in Home Equity Conversion Mortgages documents, but HUD is appealing the decision.

The Independent Community Bankers of America is urging Congress to advance legislation to limit the adverse consequences of new Consumer Financial Protection Bureau mortgage rules.

The lender will continue to make high-balance loans with DTIs above 43%.

The operators of this scheme have been banned from offering any type of mortgage and debt assistance business services to consumers.

CEO Joseph Ficalora continues to look for a transformative acquisition to cross $50 billion in assets—even if it invites extra regulatory scrutiny.

Fannie Mae’s home loan volume projection is slightly more pessimistic than it previously forecast, but more optimistic than the Mortgage Bankers Association’s recent downward revision.