Compliance & Regulation

A group of community activists called on the Office of the Comptroller of the Currency Tuesday to give Wells Fargo a failing grade on its upcoming Community Reinvestment Act examination, citing its lending practices in minority communities and a "usurious" payday-like loan product.

Congress will need to raise the National Flood Insurance Program's borrowing authority to cover expected claims due to the flooding caused by Hurricane Sandy.

If you don't give a refinance applicant this notice, you could be sued.

The fiscal year 2012 actuarial report shows that Federal Housing Administration loans originated in FY 2003 through FY 2009 continued to deteriorate in terms of their cumulative claim rates.

Wells Fargo & Co., the biggest U.S. home lender, must face a lawsuit that accuses the bank of overcharging veterans under a federal loan-refinancing program.

Credit Suisse's misconduct and deceit was at least partially responsible for more than $11 billion in losses suffered by investors in its boom-era residential mortgage securitizations, New York's suit claims.

While banks applaud the Consumer Financial Protection Bureau's goal of simplifying the tangled mass of required mortgage disclosures, the industry has found that simpler is not always better in the agency's proposal for streamlined forms.

The agency issued a mortgagee letter late Tuesday eliminating many restrictions that blocked servicers from using the FHA-HAMP loan modification program to assist troubled borrowers with government-backed loans.

Prosecutors said from March to October 2009 Lorraine Brown instituted “a surrogate signing policy whereby employees signed, not their name, but the names of other employees on thousands of mortgage documents that were notarized and filed across the country.”

Federal Reserve Board Chairman Ben Bernanke warned policymakers not to delay taking steps to avert a fiscal shock that would cause the economy to fall back into recession.