Compliance & Regulation

Black and Hispanic mortgage borrowers had lower credit scores and higher default rates than Asian and non-Hispanic white borrowers, according to analysis by the Federal Reserve Board.

Average weekly rates for fixed-rate mortgages in Freddie Mac’s survey fell from where they were the previous week, ending a period of stability.

Delays in software upgrades are forcing many small banks to play a waiting game when it comes to complying with new regulation.

The country's largest trade group is challenging possible plans by the Federal Housing Finance Agency to arbitrarily lower the conforming loan limit in an attempt to bring private capital back to the mortgage market.

The governor of Maine has lifted a two-year moratorium on the sale of mortgage revenue bonds.

The Federal Reserve unexpectedly refrained from reducing the $85 billion pace of monthly bond buying, saying it needs to see more signs of lasting improvement in the economy.

U.S. mortgage lending increased by 38% in 2012, driven by refinancings.

The man who operated one of the largest bank frauds in Virginia’s history that affected borrowers, employees, investors and the nearby community has been sentenced to 17 years in federal prison.

Among the challenges in disbursing recovery funds efficiently in the wake of Hurricane Sandy have been multiple lender insurance policies.

Fannie Mae overpaid its servicers by roughly $89 million last year due to errors made during a manual review by a third-party vendor.