Compliance & Regulation

The national bank supervisor Thomas Curry has appointed Amy Friend to be the agency’s chief counsel.

The settlement between regulators and 10 residential loan servicing companies may have a positive effect on the market, as it allows them to refocus on their core servicing operations, other compliance requirements and the foreclosure backlog.

Amy Friend is rejoining of the Office of the Comptroller of the Currency as its top lawyer.

Billionaire Leonard Blavatnik accused JPMorgan Chase & Co. of losing 10% of the $1 billion he gave the bank to manage by making unauthorized investments in subprime mortgages.

Federal Reserve Bank of Atlanta president Dennis Lockhart said while he’s supported the central bank’s open-ended bond purchases so far, further expansion of a record stimulus will complicate the eventual shrinking of the balance sheet.

Appraisal management isn’t such a hum-drum business after all.

The Consumer Financial Protection Bureau has finally issued the long-awaited qualified mortgage rule and it shows the new agency can be flexible and creative at times.

Subprime mortgages are likely to become harder to make and more expensive to sell based on the new qualified mortgage rule.

The Qualfied Mortgage rule largely adopts underwriting criteria already standard for most.

We're hearing it could be a case of one government agency not knowing what the other is doing.