Compliance & Regulation

Banks, along with Fannie Mae and Freddie Mac, are revisiting mortgage lending policies to address fracking concerns. Some banks will no longer finance homes where an oil rig sits, and Freddie Mac says it can force the entire outstanding balance to be paid if an oil lease is signed.

The deal priced 35 basis points tighter than initial guidance, a person familiar with the deal confirmed.

The GSE reduces loss exposure on its first credit-risk sharing deal with private investors.

Concern is mounting that Nationstar, Ocwen Financial and Walter Investment are getting so big so quickly that they are becoming too difficult to manage and should consider tapping the brakes on acquisitions.

Residential mortgage-backed securities loans originated outside the pending ability-to-repay/qualified mortgage rule’s protections may face higher loss severity assumptions.

Edward Woodard was the mastermind behind a bank fraud conspiracy that used fraudulent books and records to apply for $28 million in funds from the Troubled Asset Relief Program.

The government removed 25,000 potential buyers per month at the worst possible time.

The servicing industry has witnessed unprecedented changes during the past several years and there is much more to come.

FHLB members are wary of nondepositories gaining access to district bank programs.

Mortgage documents and loan statements were used as records of debt and spending on tax returns as investment earnings in order to receive a refund.