Compliance & Regulation

Distressed homeowners are redefaulting in droves on loan modifications received through a government program.

A steep rise in home values that resulted in a new wave of foreclosure starts in California during the second quarter was not enough to eliminate gains of recent years indicating the state's housing recovery will prevail.

The Consumer Financial Protection Bureau is constantly tweaking mortgage lending rules.

According to evidence presented during the six-day trial, Daren Gadsden transferred funds from the HABC bank account to an account he set up with co-conspirators.

The Consumer Financial Protection Bureau has sued a mortgage lender for allegedly violating the loan officer compensation rule by paying bonuses to LOs that charge consumers higher interest rates.

While Detroit’s troubles are not new, its Chapter 9 bankruptcy filing is triggering national concern over whether it is a sign of more trouble to come.

U.S. lawmakers are an ideal market for second homes: They’re wealthier than the typical person and they live and work in two places—their home states and Washington.

Freddie Mac increased the size of its sale of a new type of debt tied to the risk that homeowners will fail to repay their mortgages.

There has been some slight loosening in loan underwriting, but it has been somewhat counterbalanced for first-time buyers by increased Federal Housing Administration loan restrictions and costs.

The bonds were all previously rated either CCCsf, CCsf, or Csf, which indicates that Fitch expected a default.