Compliance & Regulation

When Howard Bluver took over as CEO and director of Suffolk Bancorp, the bank had a total book value of $81 million in nonperforming loans.

Poor underwriting and even fraud have been involved in various participation schemes, including the failure of the Central States Mortgage CUSO.

The Federal Housing Administration is revising its scorecard for rating servicers on their loss mitigation efforts and the agency is seeking one last round of comments on the changes.

A compliance incident does not have to involve the Consumer Financial Protection Bureau or the violation of a consumer protection law to be a concern.

Freddie Mac plans to eliminate a $7,500 annual low-activity fee that has met with a backlash among rural banks that sell a small number of loans each year to the government-sponsored enterprise.

We're hearing from the great state of Washington where there has been an increase of almost 1,200 loan originators from November 2012 through March of this year.

Pacific Investment Management Co. sees value in European commercial mortgage-backed securities on signs of a lending recovery

Lenders are waiting for the Consumer Financial Protection Bureau to agree on a residual income test that will be critical in the origination of rebuttable presumption QM loans.

Manhattan U.S. Attorney Preet Bharara today announced the unsealing of a felony complaint against Seth Beoku-Betts, founder of Betts & Gambles LLC, for defrauding a Midwestern state university in 2008.

Regulators have published the latest catalog of places outside metropolitan areas where lending will earn banks credit toward their Community Reinvestment Act obligations.