Compliance & Regulation

Housing realities appear to contradict the popular belief that older homeowners can downsize a home to make the mortgage loan and living costs more affordable.

The Consumer Financial Protection Bureau appointed Steve Antonakes to serve as the acting deputy director to replace Raj Date.

The district attorneys in three California counties sued over the use of the Transaction Point system.

The Treasury Department and members of Congress are preparing to move forward with plans to expand government-backed refinancing programs to underwater homeowners whose loans are packaged in private-label securities.

Sen. Elizabeth Warren and Rep. Elijah Cummings have asked banking regulators to produce documents to show what was behind this month’s settlements with 13 mortgage servicers for faulty foreclosures.

We’ve heard many times that the true cause of the mortgage crisis was government meddling in the market to ensure lending to low-income and minority applicants who couldn’t pay it back.

Lender Processing Services has agreed to pay 44 states and the District of Columbia $121 million to settle claims of unlawful foreclosure practices.

The House Financial Services Committee will hold two hearings on the financial condition of the Federal Housing Administration single-family program.

The HECM Saver will be the only fixed-rate reverse mortgage product available to seniors starting April 1, according to the Federal Housing Administration.

FloodInsights is now offering lenders and others a sinkhole search report for Florida properties.