Compliance & Regulation

As Michael Young prepares to depart as chairman of the Mortgage Bankers Association he has two items at the top of his Washington wish list: that regulators “get it right” on both the qualified mortgage and qualified residential mortgage rules.

The National Credit Union Administration has selected a former examiner to serve as the agency's next executive director.

Although Republicans are expected to keep their majority in the House next year, bankers are keenly watching several tight races involving members of the Financial Services Committee.

Particular states are taking a regimented approach to their review of branch manager agreements to ensure that branches paid on a "profit and loss" basis are not “net branches.”

Low downpayment loans could be in danger depending on how the qualified mortgage rule plays out.

Housing issues appear to be all but absent in the presidential debates with an occasional mention here and there.

The asset value of mortgage servicing rights are rapidly being reduced by some of the largest players in the servicing business.

The latest roundup of regulatory changes and mortgage fraud news.

The Conference of State Bank Supervisors called for a more effective and less complex capital framework in comments on proposed rulemaking.

The Mortgage Bankers Association asked banking regulators to scrap their Basel III proposal because it would hurt lending and servicing markets as well as consumers.