Compliance & Regulation

GRFConnex is a short sale and deed-in-lieu processing system that helps mortgage businesses remain in compliance.

The U.S. claims Bank of America and Countrywide sold thousands of defective loans from 2007 to 2009 to the home-mortgage finance companies.

U.S. attorneys general offices in Georgia and California are examining potential violations tied to Countrywide Financial, the subprime lender Bank of America bought in 2008.

BOK Financial Corp. develops correspondent program to expand its mortgage business nationwide.

Servicers continue to play close attention to regulation implemented in response to the unprecedented circumstances surrounding the mortgage industry since 2007.

HUD's new rules change the underwriting focus to the borrower's credit instead of life expectancy.

Regulators are giving banks advance warning of new escrow requirements.

FORMFREE specializes in technology that enables lenders to determine whether borrowers can pay back loans in compliance with regulations effective in January 2014.

A bipartisan group of 10 senators also urged the Senate leaders to delay the rate hikes, which will average 10% for policies written or renewed on or after Oct. 1.

Richard Cordray’s comments appeared directed at bankers who have complained in recent months that vendor delays could interfere with their ability to comply with QM rules set to go into effect in January.