Compliance & Regulation

As the members of our panel at the recent Florida Association of Mortgage Professionals annual convention in Orlando noted, while refinancing volume is down, the rise in rates moved consumers timing the market to enter and purchase a home.

The rebuilding strategy includes specific assistance guidelines for homeowners that will serve as a model for U.S. communities facing extreme weather devastation and post-disaster recovery challenges.

Navy Federal Credit Union has dropped its rates on jumbo 30-year fixed-rate mortgages to as low as 4.125% from a previous rate of 4.375%.

Applications for adjustable-rate loans now make up 6% of mortgage loan requests, up from 3% at the beginning of the year, though still well below the 32% peak in 2004.

Among the new rules brought into the world by Dodd-Frank are a set of tighter restrictions around how loan officers are compensated.

Standard & Poor’s finds there could be negative implications for municipal housing bonds with Washington considering as part of tax reform the elimination or reduction of mortgage interest, property taxes and municipal bond interest.

The Consumer Financial Protection Bureau's qualified mortgage rules and the agency's intention to pursue disparate impact claims expose mortgage lenders to enormous regulatory and legal risk.

Fannie Mae and Freddie Mac are ignoring billions of dollars in potential losses on delinquent loans as they take three years to adopt a new accounting system, a government auditor said in a letter made public today.

A lawsuit against JPMorgan Chase by liquidators of two Bear Stearns Cos. hedge funds seeking $1.5 billion over their collapse formally ended after the parties reached a settlement in June.

The Federal Housing Administration reported that loan applications fell nearly 50% in June from the prior month.