Compliance & Regulation

The issuer was a governmental agency who was authorized to issue bonds on behalf of a public benefit corporation for the purpose of providing low-income housing.

The downgrade to speculative grade reflects the city’s fiscal distress, which is evidenced by the second consecutive year with a resolution declaring a state of emergency.

Although the rule faces justified concerns, the regulatory agencies have been receptive to insights provided by lenders most affected.

Two cornerstones of the mortgage business will be penalized under the risk-based capital regime the federal banking agencies are adopting.

The Consumer Financial Protection Bureau has advised banks and other financial companies how to respond to an investigation to minimize the risk of punishment.

Servicing and other remaining risks will limit how much the performance of securitized residential mortgage loans originated during 2005-2008 will benefit from rising home prices.

DataQuick has begun offering through its website data, analytics and research for lenders, originators and investors based on its national property database and other industry resources.

Home Affordable Modification Program mods will qualify for the 50% risk-weight bucket.

Sabal Financial Group CEO Pat Jackson sees niche business growth opportunity within the third-party servicing space.

Sen. Mike Crapo is concerned the Consumer Financial Protection Bureau is exceeding its authority in purchasing big data on consumer behavior.