Compliance & Regulation

Moves by Wall Street dealers and data providers encouraged by the agency have helped address concerns that lower volumes would make trading more difficult.

Brokers are either staying where they are or looking to become retail branches, says industry executive.

A delay in instituting the National Flood Insurance Program was requested by Brad Thaler, NAFCU VP of legislative affairs, until the Federal Emergency Management Agency completes its affordability impact study outlined in the Biggert-Waters legislation.

The scheme targeted distressed borrowers at risk of foreclosure by promising them a HAMP mortgage modification in exchange for a $400 to $900 upfront fee.

We’re hearing private label mortgage-backed securities investors still face challenges to when it comes to amassing the consensus needed to have optimal access to information and leverage in litigation.

LoanServ aims to provide technology that is easy to access and gives each client a consistent customer experience.

The settlement with Bank of America Corp. gave bond investors more than twice what they would have recovered through litigation, an attorney for Bank of New York Mellon Corp. says.

New U.S. rules requiring simplified mortgage paperwork will take effect without an exemption for small lenders, according to people briefed on Consumer Financial Protection Bureau plans.

Lenders are mostly relieved that regulators broadened an exemption for mortgage securitizers to avoid a 5% risk retention requirement, but some are focusing on the plan’s potential impact on securities backed by leveraged commercial loans.

The actions of the Consumer Financial Protection Bureau will determine how successful the market will be, a panel discussion at the Mortgage Bankers Association convention says.