Compliance & Regulation

The Securities Industry and Financial Markets Association recent held a meeting on “The Future of Global Capital Requirements,” noting that one of the “main themes of industry response” to rulemaking in this area so far has been that generally “the proposals would result in much higher capital requirements” for most positions.

MFA Financial generated first-quarter income with per common share of 21 cents and net income to common shareholders of $75 million.

Government-backed mortgages have accounted for more than 90% of U.S. housing financing since 2008.

The bond purchases, known as quantitative easing, have helped push up stock prices and reduce bond yields.

There is a lot of damage a disgruntled customer could make by airing their grievance through social media.

Findings from the inaugural TD Bank Mortgage Service Index show that compared to the general population lenders have failed to provide a satisfying homeownership experience to 43% of Hispanics.

Hudson City Bancorp reported a 34% decline in quarterly profit as it waits for regulators to approve its sale to M&T Bank.

President Obama has picked Rep. Mel Watt, D-N.C., to head the Federal Housing Finance Agency.

Generation Mortgage Co. has entered into a consent agreement with the Georgia Department of Banking and Finance to settle allegations the company violated the state’s Residential Mortgage Act.

Lenders still are looking for better ways to encourage borrowers to seek assistance and learn about homeownership.