Compliance & Regulation

The past week’s data suggest a stronger economic recovery. This is in line with the Federal Reserve’s 2014 plan to gradually end rate-lowering stimulus that has bolstered the country’s finances.

Brokers are wary the current regulatory regime will keep underwriting standards tight.

The American Bankers Association has backed off its request for a ruling prior to yearend.

Technology might be key to stay in compliance with the QM rule.

The mortgage market will undergo radical change on Jan. 10, when virtually every aspect of home financing will be commandeered by the Consumer Financial Protection Bureau.

Securitization will be the new source of funds for originators whose volume is affected by the Federal Housing Finance Agency cap.

Including the Wells settlement, Fannie has collected nearly $14 billion from eight large mortgage lenders since the start of 2013.

You have just a few days before the new rules go into effect.

The agreement covers loans sold over a nine-year period running through the end of 2008.

Wells agreed to pay Fannie Mae to resolve repurchase demands on loans originated before 2009 and sold to the government-backed firm.