Compliance & Regulation

Congratulations, Mr. President. What's your position on bailing out the Federal Housing Administration fund?

Estimates on property damage caused by Hurricane Sandy range from $20 billion to $50 billion.

Will the long-awaited qualified mortgage rule be unveiled by the Consumer Financial Protection Bureau before Thanksgiving?

It's the MSR sale of the century. And the century is still young.

Lenders should institutionalize the loan officer assistant position, and place strict limitations on its functions.

Only Citi and JPMorgan face the highest surcharge, while Bank of America, Bank of New York Mellon, Goldman Sachs and Morgan Stanley must hold 1.5% in extra capital. Citi, JPM and B of A are top five players in mortgage banking.

Are you a mortgage broker or a mortgage lender? As of August regulations required you to have an AML manual in place to check for and report not only money laundering but also suspicious activity.

The CFPB and FHFA said Thursday they are teaming up to create a first-of-its-kind mega-database of mortgages to track market trends and support policymaking research.

The President also signed federal emergency declarations for Connecticut, Delaware, District of Columbia, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Virginia and West Virginia -- at the request of state governors.