Compliance & Regulation

In a foreclosure situation the emotions that overtake many borrowers can be critical in how and if they survive the trauma and may prevent them from looking for alternatives to their impending foreclosure.

The Department of Housing and Urban Development has issued its proposed version of the qualified mortgage rule for FHA-insured loans and it includes a 3% limit on upfront points and fees.

While most CU executives are worried about the new Consumer Financial Protection Bureau's new mortgage regulations, one CEO thinks those fear-inducing rules will actually present a "big opportunity" for credit unions.

A former official at Bank of America Corp.’s Countrywide unit said he went to federal authorities and filed a whistleblower lawsuit after learning the government might settle with the lender.

The Federal Housing Administration has asked the Treasury Department for a $1.7 billion bailout, but its commissioner and others say the agency does not actually need the money.

The Federal Housing Administration’s admission that it faces a budget shortfall for fiscal year 2013 and must take a draw from the U.S. Treasury is increasing pressure within Congress to pass a FHA reform bill.

Federal Reserve Bank of Kansas City president Esther George said labor-market gains warrant tapering the Fed’s bond purchases immediately and halting buying by mid-2014.

We're hearing that a government shutdown is coming and this time it could hurt the housing recovery.

The mortgage industry is looking favorably on the latest Federal Reserve Board easing plan.

Interest rates are likely to remain stable at least through January and the first quarter of next year.