Compliance & Regulation

As bankers, real estate agents and others in the housing industry absorb thousands of pages of mortgage rules issued in the past week, they’re still waiting to see if regulators will set a minimum downpayment for home loans.

The Consumer Financial Protection Bureau's new mortgage servicing rules may force some servicers to exit the business altogether or simply outsource servicing of defaulted loans to third parties.

This month marks the largest and most significant milestone since the Consumer Financial Protection Bureau launched more than a year ago.

While there are those in the mortgage industry who feel the Consumer Financial Protection Bureau’s new servicer rule goes too far, Rep. Maxine Waters feels it does not go far enough.

Residential Capital won court approval to try to sell a pool of defaulted loans with a balance of about $130 million.

In an interview, Morris Morgan, the federal government's point man for the painstaking review of 3.8 million mortgage loans, provided new details about the $8.5 billion deal regulators cut with 10 servicers last week and how it almost fell apart during negotiations.

CoreLogic reports an additional 100,000 borrowers moved from negative to positive equity status during the third quarter of 2012.

Bank of America saw its profits fall in the fourth quarter after several mortgage-related problems were settled as a result of the financial crisis.

Household formation rates are breaking out of their nearly five-year slump and are expected to increase by 1.2 million new household formations in the upcoming year.

We're hearing that while most financial institutions and government offices will be closed to honor Martin Luther King’s birthday on the third Monday in January, it won’t be a restful day for many mortgage bankers.