Compliance & Regulation

Since the final loan officer compensation rule came out, many have been trying to figure out who exactly is considered an “originator.”

Michigan’s 6th Circuit Court ruling on Conlin v. Mortgage Electronic Registration Systems establishes a precedent insiders see as a small victory for lenders and servicers.

Several state attorneys general are calling on President Obama to replace Edward DeMarco, the acting director of the Federal Housing Finance Agency.

The qualified mortgage rule might force lenders to use salaried loan officers to stay within the 3% cap on points and fees.

Fannie Mae will be sending out first loan file requests in June under its new data review procedures for loans originated after Dec. 31.

The Office of the Comptroller of the Currency is asking lawmakers to expand its authority to take enforcement actions against independent contractors that it requires banks to hire.

Customers Bancorp has terminated its agreement to buy Acacia Federal Savings Bank.

Certain loan fees that Fannie Mae and Freddie Mac charge to cover default risk appear to count towards a points and fees test lenders cannot exceed in making qualified loans.

American Realty Capital Properties has withdrawn its $9.7 billion proposal, including assumption of debt, to acquire Cole Credit Property Trust III.