Compliance & Regulation

Mortgage fees charged without proper disclosures were among concerns whistleblower Scott Norris raised to little effect, he alleges.

Community banks sustained a 27% decline in mortgage banking income last quarter, confirming the laments of individual banks during earnings season. Some banks are getting creative to try to revive their business in coming quarters, but it will be tough.

The Senate Banking Committee dug into the details Tuesday of how to ensure that community banks retain access to a reformed housing finance system as agreement over a broad approach began to emerge.

MortgageIT will pay HUD $12 million for unfairly denying and overcharging loans against African American and Hispanic borrowers.

Community bankers are trying to make sure they have a place at the table as legislators decide lender access to the secondary market where they play a bigger role than most believe to be the case.

The recommendation that David Stern be disbarred follows a 17-count complaint filed by the state bar.

$500 billion to $1 trillion of loans will mature over the next few years that can be refinanced. But what roadblocks could stop a transaction from being completed?

The federal government’s role in mortgage finance must be addressed to determine if there’s a better way to originate, package and deliver loans to investors and attract new private capital into the marketplace, says Alan Bahr.

A Department of Justice investigation net thrown to catch bid rigging and fraud at public real estate foreclosure auctions in California has brought in a big catch to date.