Compliance & Regulation

Recent data suggest legislators may have to start considering the pros and cons of expanding the Home Affordable Refinance Program so it includes private-label loans.

Cornerstone Group Development Corporation has agreed to pay millions in damages and to provide Fair Housing Act compliance training to its employees.

A JPMorgan Chase & Co. unit reached a $100 million settlement with liquidators of MF Global Inc., paving the way for the return of money to creditors and clients of the failed brokerage.

Government-owned Freddie Mac accuses the banks of acting collectively to hold down the U.S. dollar Libor to "hide their institutions' financial problems and boost their profits."

Credit Suisse Group AG, Switzerland’s second-biggest bank, was sued by a clearinghouse for German cooperative banks over $138 million in residential mortgage-backed securities.

Walter Investment Management Corp. executives who made headlines for aggressively pursuing large pools of mortgage servicing rights over the past few years plan to remain equally active.

Several industry solution providers have led the pack in advancing the quality and availability of mortgage data, analytics and compliance.

Rep. Keith Ellison said the savings from his proposal would fund the National Housing Trust Fund, Section 8 rental assistance and low-income housing tax credits.

The banking panel voted 21-1 in favor of Mary Jo White and 12-10 in favor of Richard Cordray.

Citigroup is among the Wall Street firms still dealing with the fallout from the financial crisis, when the bank almost collapsed amid losses tied to subprime mortgages and took a $45 billion bailout.