Compliance & Regulation

While the final loan officer compensation rule is relatively "favorable" compared to earlier versions, originators should still use care in exercising some of the new improvements to it that give them a little more leeway.

The National Association of Independent Housing Professionals continues to press for a bipartisan effort to replace the interim final rule on appraiser independence.

In Mary Armstrong’s plea, she admitted that the straw buyers defaulted on the loans, resulting in lenders and secondary purchasers such as Fannie Mae and Freddie Mac to suffer losses of up to $20 million.

The banks object to a consolidation, saying each of the cases has separate claims, defendants, originators, disclosures, loans and evidence.

A Maryland mortgage broker pleaded guilty to conspiring to commit wire fraud in connection with two separate schemes that resulted in lenders losing over $2 million.

FHA needs to fix Credit Watch so every lender isn’t forced into the same narrow credit box.

Two groups are urging House Ways and Means Committee members to preserve low-income housing tax credits and tax-exempt housing bond programs as they consider comprehensive tax reform.

Major servicers sent a third wave of checks on Friday to borrowers who were harmed during the foreclosure process.

The Department of Housing and Urban Development has approved a $1.7 billion investment plan designed to assist Hurricane Sandy victims in New York State.