Compliance & Regulation

It appears that Bank of America is cranking up the MSR selling machine. Big time.

Even though it still has some regulatory hurdles to clear, interest in jumbo lending has bumped up a notch.

The combination of Dodd-Frank Act mortgage rules and the Basel III capital standards could perpetuate today’s tight credit conditions, according to a new study from conservative think tank American Action Forum.

If Congress allows the mortgage forgiveness debt relief provision in the tax code to expire on Jan. 1, distressed borrowers could get hit with a tax bill.

To date Republicans have refused to confirm a Consumer Financial Protection Bureau head until reforms are made, a mantra that may make it awkward to send up their own nominee.

Mortgage lenders are to provide home loan applicants with copies of written appraisals and other home value estimates and ensure that consumers receive information prior to closing about how the property’s value was determined.

Surety bonds should not be confused with financial bonds that are traded; they actually function more like insurance policies.

Is there any mortgage lender that should turn up their nose at a pot of $100 billion in mortgages? Don’t think so.

When Mark Korell joined the company in June he was named chief of sales and marketing.

Among other things, Bank of America is accused of continuing a high speed loan processing program dubbed "The Hustle" that started at Countrywide and cause massive losses at Fannie Mae and Freddie Mac.