Compliance & Regulation

MBIA Inc. had a better quarter during the last three months of 2012, reporting an adjusted pretax income of $110 million, compared with an adjusted pretax loss of $118 million during the third quarter.

A cap on points and fees in new qualified mortgage rules could put brokers and affiliate relationships in jeopardy.

Systems for new Consumer Financial Protection Bureau rules must be in a production-ready state several months before their “go-live” date early next year.

Flushing Financial in Lake Success, N.Y., is now a bank.

Data show the distressed asset inventory is dwindling down simultaneously, opening the way to a sustainable housing recovery and gradually closing what appears to be a window of opportunity in short sales.

The explosion in the number of REOs became a great way for investors and consumers to purchase properties for a steal.

Sen. Robert Menendez has proposed a Home Equity Conversion Mortgage reform bill in response to the Federal Housing Administration’s efforts to get a better handle over its reverse mortgage program.

It would appear that a real estate salesperson selling a home to a buyer that refers the buyer to a particular loan originator or creditor (lender) or a loan originator that works for the lender and expects compensation becomes a loan originator.

Fannie Mae and Freddie Mac have agreed to honor New York Gov. Andrew Cuomo’s request for new rules to accelerate the release of insurance proceeds to homeowners affected by Hurricane Sandy.

Rep. Maxine Waters also asked the government-sponsored enterprises' conservator to provide a list of outside "stakeholders" it consulted before making its decision.