Compliance & Regulation

On Capitol Hill, Louisiana lawmakers have introduced several bills to delay a ramp-up in federal flood insurance premiums for an estimated 252,851 properties nationwide.

The housing industry is stepping up behind-the-scenes lobbying to alter the housing finance bill sponsored by Rep. Jeb Hensarling and perhaps kill the legislation entirely.

Mortgage Electronic Registration Systems persuaded a judge to throw out a lawsuit by Minnesota’s Ramsey and Hennepin counties claiming the use of MERS to avoid paying mortgage-assignment filing fees violates state law.

Standard & Poor’s probably will demand greater protections for investors when mortgage bonds are backed by loans to homeowners in jurisdictions that use eminent domain to seize debt to help borrowers.

Ohio is in dire need for new policies that improve the foreclosure process and promote job growth so the state’s housing and economic recovery takes hold.

Nonaffiliated title companies are gearing up for the possibility of increased business as a result of new qualified mortgage rules the Consumer Financial Protection Bureau plans to put into place early next year.

The California Homeowner Bill of Rights and similar types of regulation issues in other states are affecting recovery efforts because these rules favor the borrower by protecting them if they are at-risk of foreclosure.

Equifax has introduced a tool designed to deliver a more in-depth picture of past credit behavior and future mortgage loan credit risk.

One hurricane recovery expert said, however, that the report fell short.

It has become easier for the Consumer Financial Protection Bureau to recruit personnel now that the Senate has confirmed director Richard Cordray.