Compliance & Regulation

We're hearing the Corker-Warner GSE reform bill will really drive up the cost of plain-vanilla mortgages.

Rep. Mel Watt defended his judgment and experience with housing issues during a hearing on his nomination to head the Federal Housing Finance Agency.

As much as it is a challenge, today subservicing is an opportunity many small-size servicers are rushing to embrace in a marketplace where the role of specialty servicer is being redefined.

Higher regulatory risks that are forcing many U.S. banks to sell their subprime mortgage servicing rights are throwing these assets into the lap of specialty servicing nonbanks.

The Federal Reserve Board is slated to meet next Tuesday and approve the Basel III capital rules.

The normal cyclical rise in interest rates is now emerging, said the chief economist at BNY Mellon, after being delayed by the financial crisis, recession and the Federal Reserve’s actions to hold down bond yields.

When Wolters Kluwer asked bankers recently which regulatory concerns keep them up at night, 46% said "regulatory reform"—referring to new rules stemming from the Dodd-Frank Act and the Consumer Financial Protection Bureau.

It is advisable for entities proposing to use the rule to script out what a teller says to a customer to avoid crossing any lines that would render the person an originator.

The chief executive officer of Spurs Capital is quite passionate about the Home Affordable Modification Program.