Compliance & Regulation

Blackstone Group said second-quarter profit more than tripled as holdings rose and its funds realized profits.

Fitch did note that while multifamily starts were down in June, the residential numbers were better.

We're hearing about significant changes to the Idaho Residential Mortgage Practices Act which took place as of July 1.

Despite the recent market turbulence Home Loan Servicing Solutions reported net income of $27.9 million for the second quarter and expects to see further growth.

New business practices mandated by regulators in an effort to reform the primary mortgage servicer market appear to have leveled off large versus small bank differences in customer satisfaction.

A Securities and Exchange Commission lawyer found himself sparring with his own witness, a former top Paulson & Co. executive who claimed the agency intimidated and tricked him.

At least $238 million of the more than $575 million that was raised for Sandy relief had not been spent as of April of this year.

Raj Date estimates that nonqualified mortgages make up as much as $1.5 trillion of the $10 trillion home-loan market.

With mortgage rates climbing in recent weeks homeowners have switched from feverishly pursuing refinancing to buying new homes.

Federal Reserve Board chairman Ben Bernanke told House lawmakers that whatever housing finance reform plan is enacted to replace Fannie Mae and Freddie Mac, policymakers must be clear to private investors about the government's role.