Compliance & Regulation

Contrary to historic trends, third-party mortgage loans originated after the crisis years are performing almost as well as retail originated loans.

The individual performance of mortgage-related companies in this publication’s equity index ranged from a gain of about 3% to a loss of about 2% in value on the day.

Diane Cobb and Paul Davis were both indicted on 15 counts of conspiracy, mail fraud, and wire fraud in connection to a $2.4 million scam.

Lenders' choices today are stark: Make Qualified Mortgage loans and risk being sued under the disparate-impact doctrine; make non-QM loans and risk being sued under the ability-to-pay-doctrine; or sell their loans to Fannie Mae and Freddie Mac.

The securitization will be backed by income from a portion of the Scottsdale, Ariz.-based firm’s portfolio of single-family rental homes.

Annual monetary returns to customers that totaled $130 million last year would be wiped out if the qualified mortgage rule's 3% cap remains as proposed.

The bank is resolving to pay millions in cash in addition to giving claim credits and other payments on certain vintage mortgage loans.

The Federal Housing Finance Agency could slow efforts to shrink Fannie Mae and Freddie Mac and boost aid to troubled borrowers if U.S. Representative Mel Watt is confirmed as the agency’s director early next month.

The government wants to add Wells Fargo Vice President Kurt Lofrano as a defendant to a lawsuit that claims the bank was reckless in underwriting mortgage loans it falsely certified as eligible for Federal Housing Administration insurance.

JPMorgan Chase’s $13 billion mortgage-backed securities settlement reinforces the industry’s need to keep tabs on originations, even if reform is supposed to end this kind of problem.