Compliance & Regulation

A representative of the Pennsylvania Department of Banking and Securities was surprised by opposition to a change in state regulations.

Held in Atlantic City Oct. 9 and 10, the meeting was sponsored by three groups: the New Jersey Association of Mortgage Brokers; the Pennsylvania Association of Mortgage Brokers and the Maryland Association of Mortgage Brokers.

Florida has moved ahead of Nevada as the state most at risk for mortgage fraud.

The Federal Housing Finance Agency is running into resistance from Connecticut lawmakers for its proposal to charge upfront fees on government-sponsored enterprise mortgages originated in states with long foreclosure timetables.

National Mortgage Insurance Corp. has been cleared to issue mortgage insurance policies in 13 states.

UBS is set to argue that the U.S. Court of Appeals in Manhattan should overturn a lower-court ruling allowing the Federal Housing Finance Agency to pursue its lawsuit over losses on $6.4 billion in mortgage bonds.

Home equity lines of credit that fueled a spending spree during the U.S. property boom are back.

Recriminations about what caused the greatest mortgage meltdown in U.S. history continue to play out in various ways.

The committee has yet to issue a formal agenda for the next Congress, but a spokesman said that oversight of the Dodd-Frank law and other issues like mortgage finance reform will probably top the agenda, much like last year.