Compliance & Regulation

The 69-year-old home loan program run by the Department of Veterans Affairs is on track to have its best year ever.

We're hearing that the declining liquidity of Freddie Mac mortgage-backed securities is raising concerns in Washington and on Wall Street.

This qualified residential mortgage proposal will not require 20% downpayment loans for private-label securities issuers to escape risk retention—where they would have to retain 5% of credit risk.

Between April 5, 2006 and Feb. 26, 2007, the government presented evidence that the defendant committed 30 fraudulent sales transactions.

Loan servicing systems may not make julienne fries but they can bring profitability to mortgage bankers and depositories that make the switch from selling whole loans to retained servicing.

CUNA Mutual Group filed five different civil fraud suits in federal court against major Wall Street banks seeking to force the banks to buy back $285 million worth of residential mortgage-backed securities gone bust.

New York housing advocates are calling for mandatory inclusionary zoning that requires developers to include affordable housing into new developments.

Anchor BanCorp reported a large quarterly loss just days after announcing a plan to file for bankruptcy and recapitalize itself.

The Federal Housing Administration has issued guidance for its new “Back to Work” program that could open the door for borrowers who lost their jobs and their homes during the recession to qualify for a FHA-insured mortgage.

New large mortgage servicing rights transfers expected to be completed in the last half of 2013 indicate banks will continue to offload defaulted, high-risk loans into the hands of nonbanks.