Compliance & Regulation

JPMorgan Chase must defend itself against allegations that it charged millions of dollars in improper fees to mortgage borrowers who were in default, a federal judge has ruled.

Consumer advocacy groups are calling on Michigan lawmakers to refrain from passing a new law that would strip certain homeowner protections during the foreclosure process and threaten the still fragile housing recovery.

Although post-crisis commercial mortgage-backed securities performance is pretty good so far, the trend toward minimal interest shortfalls returning to the sector is troublesome, according to Fitch.

Tight credit is limiting economic growth and disenfranchising the vast majority of middle and lower income borrowers from becoming homeowners, according to Lewis Ranieri.

Bank of America rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.

Industry groups are growing skeptical about the prospects for a FHA reform bill as we get closer to the summer solstice.

Despite a respite from fresh waves of sweeping residential mortgage-backed securities downgrades due to better home prices, due to the still-high delinquency pipeline the risk of a ripple effect from some previous downgrades already in progress remains.

Bankers defended force-placed insurance practices and dodged questions about alleged industry kickbacks and price gouging at a private but well-attended meeting hosted by the Federal Housing Finance Agency.

The prevalence of short sales is likely the most significant factor impacting foreclosure rate improvements and the housing recovery.

DBRS found in a commercial mortgage-backed securities investor survey that the majority of respondents expect their holdings to increase over the next 12 months despite some concerns about loosening underwriting standards in the sector.