Compliance & Regulation

Rep. Jeb Hensarling is set to unveil new mortgage finance reform legislation this month—an effort that has virtually no chance of becoming law this year.

Hedge fund firm Perry Capital sued the Treasury Department claiming the government’s seizure of all profits from Fannie Mae and Freddie Mac is illegal and has destroyed shareholders’ holdings.

Royal Bank of Canada and Canadian Imperial Bank of Commerce launched their covered bond programs under the new covered bond framework in Canada.

Although details of the House legislation are still being worked out, it is likely to eliminate the government-sponsored enterprises and move towards a fully private system.

Excessive construction lending by banks and thrifts during the housing boom led to many failures and losses to the Federal Deposit Insurance Corp.

Bribing the loan officer was part of a scheme that contributed to the bank’s failure.

New Yorkers for Responsible Lending is calling on Gov. Andrew Cuomo to sign a bill which would amend state law which its supporters claim will move homeowners in danger of foreclosure into court-mandated mediation much quicker by making lenders file certification of the legitimacy of the foreclosure action on a more timely basis.

Housing bonds turned a hefty 80% gain for the first half even as the entire municipal bond market was showing a 12% decline.

A court has vacated a finding that loan officers were non-exempt workers, but that does not mean you can reclassify LOs as exempt workers.

The Consumer Financial Protection Bureau has provided small banks and credit unions that operate in rural and underserved counties with certain exemptions from its mortgages rules.