Compliance & Regulation

Wells Fargo executives said in an earnings call that they are still optimistic about originations, even though the company suffered a sequential quarterly decline they attributed to its exit from the wholesale channel and seasonal factors.

A “builder bailout” real estate scheme where more than 100 condominium units with mortgages that defaulted, resulting in foreclosures and substantial losses for lenders, has been stopped.

California cities may use $1,000 daily fines to fight neighborhood blight and put locals to work.And it is not a legal loophole.

The U.S. Department of Housing and Urban Development is keeping servicers of first-lien government insured loans on multifamily unit properties on a shorter leash.

White House Chief of Staff Jacob Lew is something of an unknown quantity to the financial services industry.

The final qualified mortgage rule provides a wide exemption from the ability to repay underwriting standards when lenders refinance borrowers with hybrid ARMs, negative amortization loans and other toxic mortgages.

Ohio became the first state to enact a new law that creates less rigid licensing regulations for mortgage originators.

Fannie Mae and Freddie Mac were sued for unpaid transfer taxes by a Maryland county.

Robert Khuzami plans to leave the Securities and Exchange Commission after serving as its enforcement director for four years.

DebtX has signed a new five-year agreement with the Federal Deposit Insurance Corp. to sell assets held as receivership in the U.S. government corporation’s portfolio.