Compliance & Regulation

Stonegate Mortgage Corp. has opened a new branch in Brandon, Fla.

The U.S. homeownership rate, which soared to a record high 69.2% in 2004, is back where it was two decades ago, before the housing bubble inflated and ripped more than 7 million Americans from their homes.

The Tax Foundation's economic model finds that after the effects of wiping out the mortgage deduction are fully phased in, the economy would shrink by $254 billion.

Due process is an integral piece of each failed transaction.

Senate majority leader Harry Reid would like to call for a vote this week to confirm Rep. Mel Watt to be the new GSE regulator, but it looks like a vote will be put off until September when the senators return from their August recess.

A recent settlement that also orders mortgage debt collection procedure changes may give another boost to already intense federal efforts to prevent unlawful practices and change the industry.

The Consumer Financial Protection Bureau's crackdown on Castle & Cooke Mortgage is the first in what could be a string of enforcement actions against mortgage originators for allegedly failing to follow new loan officer compensation rules.

Derrick D. Cephas has been elected to the board of directors of the Housing Partnership Development Corp.

The biggest compliance issues credit unions will face in the next 12 months relate to every step of the mortgage process.

As FHA mortgage insurance protection has changed, it has pushed some mortgages into the "higher priced" category.