Compliance & Regulation

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.

The Federal Housing Finance Agency told the government-sponsored enterprises to stop compensating mortgage servicers for expenses related to captive reinsurance arrangements.

An additional role brought to light by the housing crisis was the need to prevent foreclosure and administer the Hardest Hit Fund.

The Netherlands’ planned sales of the bonds over the coming year could have consequences for the U.S. private-label mortgage-backed securities market.

Some policies only allow a one-year window to challenge claims decisions after an event has occurred.

Recent improvements in lending technology are having a strong impact on loss mitigation practices for lenders.

The Department of Housing and Urban Development had alleged that Bank of America violated the Fair Housing Act by requiring applicants on parental leave to return to work before approving loans.

Certain types of oversight or regulation could help resolve an apparent challenge linked to a shift in collateral weighting, but the reality is that the market is unregulated in this area.

WE’RE HEARING competition in the correspondent channel is heating up and some banks are reaching out to mortgage brokers and asking them to join their “mini-correspondent” programs.