Compliance & Regulation

The Consumer Financial Protection Bureau in its final rule has further eased the definition of origination.

Some of the first mortgage market responses to the government shutdown indicate banks and other customer support agencies were prepared to react fast.

We're hearing from New York where one mortgage banker and two MLOs recently entered into settlement agreements with the Department of Financial Services.

The Consumer Financial Protection Bureau has issued an interim final rule with request for comment regarding the issuance of temporary cease-and-desists orders.

The loan is secured by the borrower’s fee interest in a Midtown Manhattan office building.

Deloitte & Touche settled lawsuits by Taylor, Bean & Whitaker Mortgage Corp.’s bankruptcy trustee and Deutsche Bank over $7.6 billion in losses associated with the collapse of the mortgage lender.

Commercial Mortgage Trust had six classes of its ML-CFC pass-through certificate series 2006-3 downgraded by Fitch Ratings, who also removed two classes from rating watch negative.

The lender turned down the mortgage based on CMG's guidelines, the complaint had alleged.

For banks, the government shutdown is little more than an inconvenience so far. But they will surely feel its impact if it stretches on for days or weeks. Here's what they might expect.

Mortgage REITs plunged 17% since May 14 as government-backed mortgage bonds endured the longest monthly losing streak since 1999.