Compliance & Regulation

Increased regulatory scrutiny in recent years has included a greater focus on how mortgage-related assets such as servicing rights are recorded on the books.

The Federal Housing Administration is looking at raising credit score requirements and lowering loan limits.

Fear and loathing in nonbank mortgage land: the CFPB.

Ocwen CEO Bill Erby and general counsel Paul Koches of late have been busy amassing stock options and in some cases selling.

Chicago will become the first city to directly report financial activity and fraud to the Consumer Financial Protection Bureau.

Will loan officer compensation get clipped by the forthcoming CFPB rule?

Republicans still want the Consumer Financial Protection Bureau to be supervised by a five-member commission instead of a single director.

With 3,500 registered attendees and countless "unofficial" ones walking the halls of the Hyatt Regency, the 2012 Mortgage Bankers Association annual convention had a positive vibe not seen in several years. The theme was "Investing in the American Dream." There were many references to the presidential election, including multiple cutouts of candidates Barack Obama and Mitt Romney in the trade show.

The New York Department of Financial Services will require Ocwen Financial to hire a monitor to ensure it complies with an agreement to reform its mortgage servicing practices.

As homeownership rates remain flat and rental units continue to increase in popularity among consumers, more firms are starting to focus their business strategies toward the rental market.