Compliance & Regulation

Steve Calk, chairman and CEO of the Federal Savings Bank and Chicago Bancorp, would make originations much simpler if he were a regulator.

Allstate filed similar suits in the same court against Bank of America’s Merrill Lynch unit, Citigroup, Goldman Sachs Group and Morgan Stanley.

The course of action you can take to help more consumers qualify for a mortgage.

The number of homes in foreclosure fell sharply in 3Q as fewer and fewer borrowers fell behind on their mortgages, according to a report by the Office of the Comptroller of the Currency.

Improvements in the internal control environment, investments in servicing technology and improved internal audit and Reg AB results led to the ratings changes, according to Fitch.

Many lenders have used a practice of reimbursing certain expenses, such as lead services, contingent on production levels. This practice is, however, potentially unlawful.

There is money from mortgage refinance business coming off the table as that pipeline runs dry.

There previously were triple-C, double-C or single-C ratings on all the downgraded commercial mortgage-backed securities, suggesting defaults were likely.

Next year could mark the return of the first purchase-dominated mortgage market since 2000 if the Federal Reserve’s decision to reduce its bond purchases holds and current forecasts pan out.

Industry groups wanted an extension to assemble data and challenge the agency’s findings.