Compliance & Regulation

A delay of Bank of America Corp.’s return to selling mortgage securities shows the housing bust is still limiting the market’s revival.

Countrywide Financial Corp. co-founder Angelo Mozilo said under oath last year that he had “no regrets” about how he ran the mortgage firm.

Due to one-year-or-longer delinquencies the national delinquency rate is significantly higher than the “normal” delinquency rate range of roughly 1.5%.

The Consumer Financial Protection Bureau says the nation’s big three credit reporting firms—Equifax, Experian and TransUnion—each have more than 200 million files on consumers.

Housing advocates are urging federal banking regulators to extend a special foreclosure review program that is set to stop accepting new applicants Dec. 31.

Credit reporting agencies obtain at least half their information on consumers from credit card companies, according to the Consumer Financial Protection Bureau.

Treasuries fell after Federal Reserve officials said they'll expand their third round quantitative easing with additional asset purchases.

The National Foreclosure Mitigation Counseling program has helped save local governments, lenders and homeowners approximately $920 million.

The dispute involves Pick-a-Payment mortgages originated between 2003 and 2008 by World Savings Bank.

The Federal Deposit Insurance Corp. is maintaining significant funds for a still high number of troubled institutions and resources to implement the Dodd-Frank Act.