Compliance & Regulation

Barely removed from years of cleaning up credit quality, lenders are conceding terms to borrowers on everything from the length of amortization to waiving cancellation fees.

The Department of Housing and Urban Development is refusing to take a position on eminent domain until a city or municipality actually condemns and seizes a mortgage.

A new version of a rule requiring lenders to keep a stake in risky mortgages that they securitize will be proposed by U.S. regulators in the last week of August.

Quality Mortgage Services is offering a tool mortgage banks can use to comply with a new Fannie Mae requirement.

FirstREX has hired Don Shewmaker as the new director of operations and Jim McGuire as sales director.

The Appraisal Institute said just 9% of residential appraisers will add full-time trainees in the next one to two years.

The Department of Veterans Affairs is working on a qualified mortgage rule to prevent any disruption to the VA home loan guarantee program.

Freddie Mac has priced its new 0.875% three-year Reference Notes security due on Oct. 14, 2016 at 99.985 to yield 0.88%.

Many coastal real estate markets are facing a wave of rising flood insurance costs that some fear could collapse property value and drive a new wave of foreclosures.