Compliance & Regulation

While mortgage bankers joined customers in support of the Senate’s reconfirmation of Richard Cordray as director of the Consumer Financial Protection Bureau, challenges remain.

The Senate's approval of Richard Cordray's nomination to run the Consumer Financial Protection Bureau likely puts an end to another crucial fight over the bureau's structure.

Freddie Mac plans to sell $400 million of a new type of debt tied to the risk that homeowners will fail to repay mortgages.

So far this year, 619,263 homeowners who are at-risk of foreclosure have been assisted through the platform, which represents a 51% increase over the same time period a year ago.

At issue is whether NCUA waited too long to satisfy the three-year federal statute of limitations on civil claims of securities violations for sales that occurred as long as six and seven years before the suits were filed.

The Senate Tuesday finally headed toward approving Richard Cordray to lead the Consumer Financial Protection Bureau with a cloture vote that all but assures his confirmation.

WE’RE HEARING that while UDAAP has primarily shown itself to be a credit card concern so far, mortgage lenders could be next.

Higher fees charged by Fannie Mae and Freddie Mac to bring private capital back in the mortgage market might actually backfire by reducing borrower demand for home loans.

Terri Lynn Johnson’s plea was related to a $576,000 mortgage fraud and embezzlement scheme at the title company where she worked.

The Mortgage Bankers Association is proposing fixes for the housing market that regulators can make now, without waiting on lawmakers to overhaul Fannie Mae and Freddie Mac.