Compliance & Regulation

Senate Republicans said they will continue to block a vote on President Obama’s choice to head the Consumer Financial Protection Bureau until the president agrees to change the structure of the fledgling agency.

Industry groups are urging the House and Senate appropriators to include $5 billion in additional commitment authority for the FHA multifamily and health care programs to prevent a possible shutdown of those loan programs.

Industry groups are urging the Consumer Financial Protection Bureau to initiate a testing program for the new mortgage disclosure forms that will be used for qualified mortgages.

VantageScore Solutions has reconstructed its credit scoring model both to aid lender implementation and consumer understanding.

The Mortgage Bankers Association has no problem with the Federal Housing Administration’s decision to increase the downpayment requirements on FHA-insured jumbo loans.

The Consumer Financial Protection Bureau is targeting large banks and a wide variety of nonbanks rather than community banks.

There seems be a general consensus that Fannie Mae and Freddie Mac should eventually be shut down.

After community members complained about the affects plywood and boarded-up windows have on property values and neighborhood blight, Howard Wedren wanted to do something to help these individuals.

There is one observer who is seeing people leaving larger organizations and returning to independent status.

C3 Compliance Consultants Inc. and industry vendor ComplianceEase have agreed to a joint marketing arrangement.