Compliance & Regulation

Federal regulators are warning banks and thrifts that they must comply with a flood insurance law passed last year that imposes penalties of $2,000 a day for failing to follow the force-placement provisions.

Fannie Mae and Freddie Mac are poised to begin funneling healthy quarterly revenue back to the U.S Treasury as the housing market rebounds.

Learn the top three warning signs that there may be trouble with an originator that could lead to legal/compliance risks.

Effective April 1, insurance premiums on FHA loans will go up challenging borrowers and lenders to choose between federally insured loans and private insurance options.

The California attorney general has provided the National Housing Law Center a $1 million grant to spread the word about a new mortgage servicing law.

Instead of renewing an exclusivity clause with NextJob, Fifth Third has agreed to make NextJob’s Homeowner Reemployment program available to all financial institutions.

First American Financial Corp. said that Mark Oman has been appointed to the company’s board of directors.

The Consumer Financial Protection Bureau has received 50,000 consumer complaints about mortgages lenders, brokers and servicers since November 2011.

The mortgage industry may be making some headway against fraud, but it still has a long way to go.

The Federal Reserve Bank of San Francisco has terminated its regulatory action against HomeStreet in Seattle.