Compliance & Regulation

As mortgage fraud shifts from a refinance market to a purchase market, a major concern for lenders and servicing shops is how to get their staff ready for the upcoming trend in risk management.

Buyers of failed banks used to partner with the Federal Deposit Insurance Corp. to split losses from noxious portfolios. But such deals are dwindling.

The demand for homeownership has always been a primary indicator of the state of the national economy.

Higher numbers of short sales on securitized residential mortgage loans helped bring down first-quarter losses.

Citigroup’s first-quarter profit rose 30% as revenue from fixed-income trading and investment banking exceeded analysts' estimates.

Residential mortgage banking revenue contributed to M&T Bank’s $68 million year-to-year increase in overall net income to $274 million in the first quarter.

New Ernst & Young data indicate a major shift in the nonperforming loan market as investors from both sides of the Atlantic eye European assets.

Three industry groups are urging the Consumer Financial Protection Bureau to extend the implementation period for the QM and other mortgage rules by at least six months.

The release of the Consumer Financial Bureau’s federal consumer financial complaints database is little more than the regulator stroking its ego.

Sen. Barbara Boxer is urging officials to investigate whether banks are complying with certain provisions of the national mortgage settlement announced last year.