Compliance & Regulation

Lawyers for a Pennsylvania bank say the draft complaint may lead to the discovery of evidence that could be used in its own case against JPMorgan Chase.

Regulatory pressure is expected to be as strong as ever next year when mortgage lenders and servicers will test new waters in compliance implementation, process improvements and business strategies. Market veterans find regulatory compliance risks are higher almost in every area of the business.

Affordability issues will reduce the stock of potential homebuyers.

Refinancing share is up week-to-week, but the Mortgage Bankers Association’s raw numbers show purchases are higher both week-to-week and year-to-year.

Increases in medium- and long-term interest rates still pose risks, but the Federal Deposit Insurance Corp.'s Quarterly Banking Profile revealed that a rate recovery can also have advantages.

The individual performance of mortgage-related companies in this publication’s equity index ranged from a gain of about 5% to a loss of about 1% in value on the day.

Following new legislation issued by the CFPB earlier in November, the mortgage industry’s voluntary standards organization has extended the comment period beyond yearend 2013.

Mortgage loans originated this year are favorable towards borrowers, but there may be a shift in risk and eligibility as the market moves into a purchase and first time homebuyer market.

The CFPB's "Know Before You Owe" rule combining TILA and RESPA disclosures "is one of the largest and most impactful regulatory changes credit unions have probably ever seen,” one analyst says.

It is not just a way for them to fill their pipelines during a slowdown in originations, they claim.