Compliance & Regulation

The agreement would end case-by-case reviews of foreclosures under earlier accords with the biggest mortgage servicers.

Securities regulators have charged three executives of a failed bank in Virginia with deceiving investors about the health of its loan portfolio at the apex of the financial crisis.

The Consumer Financial Protection Bureau wants to keep credit flowing by allowing lenders to rely on Fannie Mae, Freddie Mac and Federal Housing Administration automated underwriting systems to meet the underwriting standards of the new qualified mortgage rule that was issued early Thursday morning.

Even though less securitized commercial mortgage loan deals moved into special servicing in 2012 analysts are cautiously optimistic for 2013.

Regulators are focusing on what an executive with the Compliance Group termed “misleading and deceptive advertising,” but what that exactly means is left up to the interpretation of the enforcement agency.

New York State, which depending on who one talks to, is hailed or booed about its foreclosure prevention policies, may have already set a precedent for the future of how regulators monitor mortgage servicers.

Nearly 900,000 homeowners sought financial counseling assistance by yearend 2012, up 34% compared to 2011.

In this video presented by the California Mortgage Bankers' Association, Allen Matkins attorney Stephen Lieske explains what LIBOR is and how it was distorted in the recent scandal.

One of the states hit hardest by the housing crisis is taking added steps to help homeowners.

Julie Williams, a longtime federal regulator who helped banks argue against state oversight, is joining Promontory Financial Group.