Compliance & Regulation

The new qualified mortgage rule is pressuring vendors of loan origination systems to work with lenders to recode their units. There's a lot of work to be done before the Jan. 10 deadline.

The new organization aims to help mortgage lenders improve their business practices through collective strength.

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.