Compliance & Regulation

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.

Clayton Holdings failed to show that the government’s request for three years’ worth of client work and communications was overly broad and burdensome, a judge says in a ruling.

As Blackstone, the nation’s largest foreclosure-to-rent investor, eyes the secondary market, smaller local players have a chance to increase their market share.

Bank of America asked a federal court to dismiss a lawsuit brought by the U.S. that accuses the lender of misleading investors about the quality of loans backing $850 million in securities.

Bank of America’s Countrywide unit was found liable by a jury in Manhattan federal court last month for selling the government-sponsored entities thousands of defective loans in the first mortgage-fraud case brought by the U.S. to go to trial.

Single-issuer Ginnie I pools have been the mainstay of the Ginnie MBS program for decades.

This product does not count towards the 3% fee cap because the premium is rolled into the mortgage's interest rate.

Lower Federal Housing Administration premiums are a possibility that Ginnie Mae securities investors must keep tabs on because they could move markets. FHA increased premiums but is worried about lower production volumes.

A different compensation structure is possible if broker products fill in gaps banker loans fail to fill and there are careful written policies in place that cover compliance concerns.