Compliance & Regulation

Maintaining a compensation distinction is very risky in the event that the brokered products are viable alternatives for borrowers and could essentially compete against self-funded alternatives.

Kareem Serageldin marked up the collateralized debt obligations to meet targets and boost yearend bonuses for his $5.35 billion trading book, prosecutors claimed.

The Federal Reserve vice chair is getting closer to being in the driver’s seat on Fed issues that affect home loan trading, including how mortgage bonds factor into liquidity coverage ratios.

A letter has been sent to the Federal Reserve and the Office of the Comptroller of the Currency demanding more information about the settlement.

The Oct. 31 rejection of North Carolina Democrat Mel Watt’s nomination to head the Federal Housing Finance Agency led to the move.

New forms need to be revised to account for recent regulatory changes, but laying the groundwork for the new documents will be tough.

The bank struck an agreement this week to settle potential state and federal civil claims of misrepresentations in mortgage-bond sales by the lender and companies it acquired.

Some of the country’s most distressed neighborhoods will benefit from a new round of federal funding that simultaneously promotes community redevelopment planning and transformation through housing, services and job creation.

The company was sued by a borrower over allegations of not properly disclosing payment option adjustable rate mortgages.