Compliance & Regulation

Regulators reached the settlement last month for foreclosure faults after a U.S. housing-market collapse contributed to the worst financial crisis since the Great Depression.

Sending cuts scheduled to kick in Friday will constrain the availability of Federal Housing Administration mortgages that account for about a quarter of originations, threatening its role in the year-long housing recovery.

The combined effect of lower volumes of underperforming loans and improved workout practices helped improve the traffic of delinquent, securitized commercial mortgage loans that go in and out of special servicing.

Despite regional issues, year-over-year the nation's foreclosure inventory has fallen for 15 consecutive months to less than 3% of all mortgages.

Unlike other types of loans that community banks have historically made, commercial and industrial loans require ongoing monitoring, along with sound models and concentration caps, industry experts say.

Federal Reserve Board Chairman Ben Bernanke accepted responsibility on behalf of regulators for a troubled independent foreclosure review process.

The qualified mortgage rule issued by the Consumer Financial Protection Bureau could be disruptive to the FHA single-family program, so the Department of Housing and Urban Development is starting the process of issuing its own QM rule.

Civil rights groups want the disclosure of data so they can see how banks are allocating the relief required by the national mortgage settlement signed in March 2012.

Higher-priced homes in Los Angeles and the Bay Area have been leading the market’s recovery.

Meritage Homes Corp. has commenced a cash tender offer to purchase any and all of its $99,825,000 principal amount 7.731% senior subordinated notes due 2017.