Compliance & Regulation

There are concerns the majority approach could eventually lead to the return of risky piggy-back and no downpayment lending that was prevalent before the subprime meltdown.

The lawsuit charges Jerry Wilson and EME LLC, with allegedly discriminating against African-American apartment seekers by misrepresenting the availability of housing units at Treva Court Apartments.

How will the new Fannie Mae rules set to be implemented in January 2014 affect borrowers and the way lenders run their businesses?

The U.S. 10th Circuit Court of Appeals handed NCUA a victory in its lawsuits against Wall Street firms regarding sales of mortgage-backed securities to corporate credit unions.

Henry Seggerman pleaded guilty to conspiracy and two counts related to the filing of false tax returns.

Inlanta Mortgage bills itself as a fast-growing company within the context of the Milwaukee area, but when it came to getting its recent Fannie Mae seller-servicer approval the company was more meticulous than hurried.

The Mortgage Bankers Association is applauding regulators’ efforts to align the Qualified Mortgage and Qualified Residential Mortgage definitions while incorporating feedback from both the industry and customer advocacy groups into the new risk retention rule.

Responding to reports that mortgage lenders and servicers are accepting insurance tracking services from unaffiliated insurance producers, the New York Department of Financial Services is warning all parties involved that this practice is illegal in New York.

Congress banned the use of downpayment assistance on FHA-insured loans in 2008 but one Phoenix lender just got caught for reimbursing charitable housing groups that provided “gift” downpayments to homebuyers.

Federal regulators have agreed to exempt all single-family loans that meet the underwriting standards of the qualified mortgage rule from the 5% risk retention requirements mandated by a newly proposed qualified mortgage rule.