Compliance & Regulation

There are at least 50 different credit score models around.

A council of top federal regulators is giving the GSE regulator a green light to build a new securities platform to replace the aging platforms that Fannie Mae and Freddie Mae currently use.

Mortgage Guaranty Insurance Corp. has entered into separate settlement agreements with Bank of America and Countrywide Home Loans that settle the dispute over its rescission and denial policies.

Citigroup hopes to capture a larger share of the home loan market by helping borrowers pay off their mortgages faster.

Understand that the cost of non-compliance can far outweigh the fines or settlements that it can lead to.

New York Gov. Andrew Cuomo is calling on the credit scoring and reporting agencies “to stop the lowering of credit scores” for Hurricane Sandy victims.

As housing markets continue to stabilize across the country with rising home prices and inventories shrinking in these cities, this ultimately leads to the possibility for a higher potential of mortgage fraud.

The Department of Housing and Urban Development is reviewing the qualified mortgage rule and it may modify the safe harbor provision for Federal Housing Administration-insured loans.

Aligning key mortgage servicing indicators and best practices with the Customer Financial Protection Bureau guidelines is a win-win for servicers.

Just like your mortgage payment and real estate taxes, condo charges must be paid.