Compliance & Regulation

With the recent uptick, banks are rushing to either reinvigorate their construction funding desks or establish new construction lending units.

We're hearing from the great state of Minnesota where a court last week issued a decision involving a claim for money damages and rescission of a mortgage loan based on the alleged failure of the lender to provide a Truth in Lending Act form to the buyers at closing.

While First American saw a decline in 2Q13 net earnings on a year-over-year basis, rivals Old Republic International and Stewart Information Service both reported increases.

New York housing advocates are sending out advocacy alerts to anyone who sees value in preserving the Low Income Housing Tax Credit in the tax code.

Castle & Cooke Mortgage claims it did not make illegal incentive payments to its loan officers, as alleged by the Consumer Financial Protection Bureau.

Freddie Mac’s $500 million of risk-sharing debt sold recently may not give the firm as much protection against homeowner defaults as policy makers seek.

In the second year of the U.S. housing recovery, the loans that helped trigger the housing bust are making a comeback.

NYCmortgageLO posts on the Mortgage Grapevine that a client had a large deposit in his or her bank account in March, but no large deposits in the more than 90 days since.

FHA commissioner Carol Galante is urging Congress to act quickly and approve legislation that allows her agency to implement needed reforms to its troubled reverse mortgage program.

The gulf between two competing plans to reform the nation's housing finance system appeared ever wider Tuesday even though House Republicans were poised to advance their bill to a full floor vote.