Compliance & Regulation

If Congress fails to raise the debt ceiling and the United States government defaults on its obligations, credit markets could freeze, the value of the dollar could plummet and U.S. interest rates could skyrocket.

The Office of the Comptroller of the Currency released its 2013 second-quarter risk analysis for community banks and federal savings associations in the Midwest.

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.