Compliance & Regulation

American International Group is entering the residential whole loan purchase business through a new business unit, Connective Mortgage Advisory Co.

The GSE regulator hiked Fannie Mae and Freddie Mac guarantee fees twice in 2012 and he hinted that more hikes may be coming.

The Federal Housing Finance Agency continues to implement significant changes to the structure of Fannie Mae and Freddie Mac even while the Obama administration and Congress have yet to get serious about housing finance reform.

The Senate Banking Committee scheduled a hearing for next Tuesday on the appointment of Richard Cordray to a full term as director of the Consumer Financial Protection Bureau.

We're hearing that among the many originator-related concerns the Consumer Financial Protection Bureau is keeping tabs on are violations of the Real Estate Settlement Procedures Act and the Gramm-Leach-Bliley Act privacy rule.

A New York loan broker was indicted for conspiring to defraud 350 financially capable customers of $1.2 million.

The Federal Housing Finance Agency’s latest plan for a single mortgage-backed securities platform will not have any short- or medium-term effects on government-sponsored enterprise securities.

These laws will force our industry to get a backbone and ask the tough questions, and not assume our kids can do no wrong.

Cooperation was the common theme among field service providers attending the MBA National Mortgage Servicing Conference and a necessity that will drive business strategies in this segment of the marketplace this year and beyond.

Robert Meachum, a 20-year mortgage industry veteran, is joining Stonegate Mortgage Corp. as executive vice president of servicing.