Compliance & Regulation

Mortgage bankers should let the Nationwide Mortgage Licensing System and state regulators know about any Hurricane Sandy-related problems at their shops.

Alfred Pollard said $1 trillion of household debt delinquent in the second quarter of 2012 support his case that are a housing crisis still lingers.

Lawsuits that charge Goldman Sachs and Deutsche Bank with misleading mortgage investors may proceed.

Within the next few days a crucial audit will be released on the FHA’s mutual mortgage insurance fund, but recent figures released by the agency indicate that late payments are headed in the wrong direction.

Loan modifications continue to be a smart move politically and from a risk management perspective, and new technology is aimed at streamlining the way qualifying documents are moved between borrowers and loan servicers.

The total structural damages from the hurricane may be twice as high as the amount insurance covers, and insurance rates will likely increase.

The exodus from the financial services panel is bipartisan, with five Democrats leaving the 61-member committee while seven Republicans follow suit.

Joseph A. Smith is encouraging service members and their advocates to report mortgage-servicing complaints by using two online forms provided on the settlement monitor’s website.

The announcement may put to bed speculation that Raj Date, CFPB’s second-in-command, might someday replace director Richard Cordray.

Walter Morales and his firm Commonwealth Advisors Inc., based in Baton Rouge, La., sold mortgage-backed securities to hedge funds they managed at the lowest and riskiest prices, the SEC alleges.