Compliance & Regulation

We're seeing a rise in the willingness of lenders to make home mortgages to business owners who cannot always verify income.

A spokeswoman for Wells Fargo said the refunds were not prompted by any regulatory action -- nor are they related to a federal lawsuit filed early this month by the U.S. Attorney in New York.

American Capital Agency Corp. generated $1.3 billion in comprehensive income in the third quarter and separately said it has authorized the repurchase of up to $500 million shares of its common stock through December of next year.

Talk of the 'Qualified Mortgage' rule coming out before Thanksgiving may be premature.

Banks are calling on federal agencies to revamp and delay implementation of a package of proposals that will transform financial regulation.

The Department of Justice suit against Bank of America shows that beyond enforcement through regulators, lawsuits are increasingly focusing on the systems lenders use.

CoreLogic estimates that nearly 284,000 Mid-Atlantic homes valued at roughly $87 billion are at risk of property damage from Hurricane Sandy based on its projected path.

The Consumer Financial Protection Bureau is slated to issue final rules in January that define a qualified mortgage, establish new standards for servicers, and merge the RESPA and TILA disclosures.

Dale Palmer admitted that his business experienced serious cash flow problems and he was “very poor” at managing his cash flow issue.