Compliance & Regulation

While there are some home sellers who are willing to accept the Internet currency for their property, the inherent volatility makes it difficult in a financed transaction.

The GSE regulator will give lenders 120 days’ advance notice of any increases.

Despite the risks, lenders have calculated that certain loans that fall outside of QM are worth making and holding on their balance sheets.

The Consumer Financial Protection Bureau could consider expanding exemptions for small lenders from its qualified mortgage rule after it goes into effect on Friday, according to Richard Cordray, the agency's director.

Since its inception in 2010, the Consumer Financial Protection Bureau has implemented wide-ranging changes to the rules and regulations governing financial institutions and other entities operating in the financial arena.

The bureau is putting pressure on servicers to do a better job.

Managing credit unions in a rising interest-rate environment along with the pressure to write more consumer loans to offset falling mortgage lending will be key challenges to the credit union community this year, say top industry economists.

Taylor Bean & Whitaker Mortgage Corp. and Home America Mortgage resolved allegations that they falsified loan applications and misrepresented qualifications of applicants to secure federally funded insurance for home loans that ultimately defaulted.

A company's decision to commit to offering the loans despite new rules that increase their liability resonates with one reader. More reactions to recent stories follow.

The bureau director supports monitoring all aspects of the qualified mortgage rule to see how it’s affecting the marketplace.