Compliance & Regulation

Mortgage originators need to have a different mentality when going after purchase business in a rising interest rate environment than when they are chasing business for refinancings in a declining rate world, a pair of consultants to the industry said.

Senate Majority Leader Harry Reid's surprise criticism of President Obama’s plan to unwind Fannie Mae and Freddie Mac has upset the conventional wisdom surrounding housing finance reform.

The president signed the Reverse Mortgage Stabilization bill on Friday and now it is up to HUD to implement the changes which will significantly revamp the FHA Home Equity Conversion Mortgage program.

Everyone is saying we need to get rid of the GSEs because they represent too much risk for the taxpayers.

The two executives in their motion seek to demonstrate that “the SEC’s remaining claims have no basis in fact."

The former executive director of a New Mexico Housing Authority and her husband each pleaded guilty to one count of conspiracy charges to commit theft from programs receiving federal funds and theft of government property.

Equifax has integrated its Point in Time and Spectrum Verification Service tools into its retro income verification platform designed to enable users to reduce mortgage loan repurchase requests.

Radian Group said its unit guaranteeing home loans may need additional capital if U.S.-backed housing finance companies tighten their demands.

President Obama’s administration significantly overstated statistics from a year-long mortgage-fraud initiative, including total number of victims, their losses suffered and number of individuals criminally charged.