Compliance & Regulation

The new Texas office, which officially opened on June 10, will employ 17 workers, including one supervisor and one manager.

The Community Mortgage Lenders of America is urging legislators to pass a bill that would exempt small lenders from the Basel III capital rules, Consumer Financial Protection Bureau servicing rules and other provisions of the Dodd-Frank Act.

Fannie Mae and Freddie Mac shareholders sued the U.S., alleging that the 2008 takeover of the housing lending giants was illegal and cost investors billions of dollars.

The need for affordable housing funding is getting more critical, according to the president of the Federal Home Loan Bank of New York, especially lately when there are fewer and fewer funds from government for housing.

As the mortgage market changes from a refinance market to a purchase market over the next several months, a shift in fraud risk trends will take place during this time that lenders need to be aware of.

The Federal Housing Finance Agency is considering reforms to force-placed insurance aimed at giving the public a better deal. So why isn't it letting the public in on its planning?

Recent publicity surrounding high-profile convictions involving foreclosure rescue scams may be obscuring some good news: the prevalence of this type of fraud seems to be waning.

The CFPB's mission to protect consumers is a "great one," but the "problem" is how the new regulator is going about its business, said Michael Benoit a partner with Hudson Cook LLP.

Negotiations that led to an $8.5 billion mortgage-bond settlement between Bank of America and institutional investors were tense and combative, the bank’s chief risk officer testified.

Bank of America's recent attempts to get some existing mortgage customers to refinance sounds eerily like a sales pitch from the bubble days of 2005.