Compliance & Regulation

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.

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.