Compliance & Regulation

The ratings agency has replaced a government-insured mortgage-backed securities methodology it revised only two years ago implementing updates likely to be further revised in the future

The bureau alleges that Republic Mortgage purchased unnecessary reinsurance to earn a profit for mortgage lenders in exchange for referrals.

The Fairholme plan will work regardless of whether Congress decides to provide some form of a government guarantee for mortgage-backed securities.

The filing of fraudulent mortgage applications is on the rise. On the surface, it appears as if risk mitigation solutions are not working properly. But vendors and even some lenders disagree.

Fairholme Capital Management has come up with an intriguing plan that seems to mesh with all proposals on the table when it comes to housing finance reform. Here is where it falls in the range of plans for Fannie Mae and Freddie Mac currently on the table.

An out-of-court settlement in Mount Holly, N.J., means that the court will not weigh in on whether the controversial legal theory can be used in fair-lending cases.

Mortgage lenders, servicers and banks need to follow how court procedures for admitting evidence are updated when developing technology systems.

Going back to a “mutual” model and selling off risky bonds could help cue underwriters about how to evaluate risk.

Financial regulators acknowledged Thursday that the data they use to determine fair lending violations in certain cases could be improved, but said they would not stop using such information.

The cost of doing a regression analysis has come down. When one compares the cost of a $5,000 analysis to a $12 million settlement, its fairly clear why it pays not to guesstimate.