Compliance & Regulation

Home equity lines of credit increased almost 16% in February 2013 compared to the same month a year ago, rising to $12.4 billion from $10.7 billion.

The lowest credit score which is supposedly available for loans to meet the Federal Housing Administration program standards is 580.

Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency.

New York Attorney General Eric Schneiderman is revising his allegations of foreclosure settlement violations by Wells Fargo and Bank of America.

The qualified mortgage rule is a special carve-out to the ability to repay requirement.

The Consumer Financial Protection Bureau has taken an enforcement action against a Dallas builder who allegedly referred customers to local mortgage lenders and received illegal kickbacks.

Republican senators are becoming suspicious of the huge amount of consumer data the Consumer Financial Protection Bureau is buying and collecting.

The Mortgage Grapevine is a place where people can comment, not just about what is happening in the lending business, but on many other topics, including politics and government.

A court found a recess appointment to the National Labor Relations Board was unconstitutional. This could affect the Consumer Financial Protection Bureau.

We're hearing that it is going to take a concerted industry effort to get a legislative fix for the QM rule on loan officer compensation.