Compliance & Regulation

The overall volume of resolved securitized commercial mortgage loans dropped slightly in January, resulting in higher loss severity rates and loan losses at greater than 2%.

Felony charges were filed against Gilbert Chung who pleaded guilty for conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions.

Lenders will have to wait for the courts to resolve the validity of Richard Cordray’s recess appointment to be the first Consumer Financial Protection Bureau director.

If and when they are done right, downpayment assistance programs work, according to Wells Fargo.

Freddie Mac has further expanded the number of its Borrower Help Centers by opening three new branches in Atlanta, Las Vegas and Los Angeles.

The provision tucked into the qualified mortgage rules released in January would impose a 3% cap on points and fees that bank affiliates can charge consumers for home inspections, closing costs and a range of other mortgage-related services.

Sen. Michael Crapo said he wants to usher in a new era of bipartisan cooperation as the Banking Committee's top Republican.

The U.S. Justice Department filed a complaint accusing McGraw-Hill and Standard & Poor's of three types of fraud, the first federal case against a ratings company for grades related to the credit crisis.

Freddie Mac’s fourth-quarter refinance data show refinancing borrowers were able to take advantage of the deepest rate cuts available in quite some time during the period.

Currently, millions of homes throughout the country have moderate to severe physical housing problems.