Compliance & Regulation

Flagstar Bancorp has revised its financial results from a $66.8 million profit in the fourth quarter to a $94.2 million loss due to lawsuits by MBS insurers.

For the third consecutive year Fifth Third Mortgage Co. has exceeded the national average of converting Home Affordable Modification Program workout plans into permanent modifications.

At their best, these Consumer Financial Protection Bureau rules will provide some stability and confidence in how lenders must behave moving forward.

The number of Home Affordable Modification Program modifications slumped by nearly 50% in 2012, compared to the year prior.

The Fed is acquiring $85 billion of securities each month, and policy makers are grappling with how to condition markets not to interpret a stop in those purchases as a prelude to the exit from easy credit.

Recent data show the United States residential mortgage default outlook is strong in the context of the global securitized market.

Moody's chief executive told investors he is unaware of plans by federal and state officials to sue the company for allegedly misleading investors in the run-up to the housing crisis.

Penny Mac’s stock ended the trading day Friday with the largest percentage gain among those listed in this publication’s Mortgage Industry Equity Composite.

It may be better for lenders to start gearing up for pending industry rules ahead of time than to wait for final regulations.

The Department of Housing and Urban Development has finalized a rule that will make it easier for civil rights attorneys to prove that a mortgage company is engaging discriminatory lending practices.