Compliance & Regulation

Certain federal- and state-level regulatory measures are bound to affect how mortgage lender-servicers do business in the Northeast.

To protect against litigation and losses, investors will require residential funders to certify that the points and fees charged to borrowers do not exceed the 3% cap in the qualified mortgage rule.

Tim Duncan, who was a key player in helping Elizabeth Warren form the Consumer Financial Protection Bureau, is launching a new mortgage company.

Rather than selling homes to legitimate investors, Foreclosure Solution Specialists designed sham sales to straw purchasers.

Loan Value Group has begun to facilitate the delivery of government-funded principal reductions in an effort aimed at getting the relief to qualifying underwater borrowers in Arizona more quickly.

The Consumer Financial Protection Agency has until Jan. 21 to issue the qualified mortgage rule as mandated by the Dodd-Frank Act, and around the same time the loan officer compensation rule might finally be unveiled.

The Federal Housing Administration believes the pilot program has the potential to reduce losses and eliminate carrying costs of managing and marketing REO properties.

Joseph A. Smith, the former North Carolina banking commissioner who now heads the Office of Mortgage Settlement Oversight, has been touring the West Coast to gauge the servicers' progress by speaking with the folks "on the ground."

There is a lot of attention focused on single-family homes by investors looking for a great cash flow with high appreciation potential over the next few years.

Consumers want things done quicker, while regulators want them done right; both will hold the originator responsible.