Compliance & Regulation

NAMB annual hears the current compensation on most mortgages will be maintained. That makes a lot of brokers very happy.

Comptroller of the Currency Thomas Curry stresses need for longer-term counseling for borrowers with loan modifications.

FHFA Acting Director Ed DeMarco has been vague about why the regulator rejected Fannie’s force-placed proposal, a decision that has drawn sharp criticism from consumer advocates.

The record settlement has significant implications for the financial industry, but they may not be what casual observers expect.

The former chairman of the Mortgage Bankers Association will handle industry strategy for the risk management company.

Bonnie Kreamer admitted to arranging various real estate transactions for her own profit.

Dexia filed the suit in January 2012 over 29 residential mortgage-backed securities bought by its unit FSA Asset Management from Morgan Stanley for $626 million in 2006 and 2007.

There are valid circumstances where referrals could be permitted but generally this practice should be prohibited.

The percentage of minorities getting mortgages has stayed flat the last couple of years. With credit as tight as it has been, that may not be so bad a showing.