Compliance & Regulation

The amount of capital required of depositories to hold residential mortgage servicing rights would jump to 28% under Basel III proposals from 17.2% today.

Bankers and mortgage lenders have become increasingly concerned about the fiscal cliff, an automatic trigger of steep budget cuts and tax hikes that would go into effect in early 2013 if Congress does not act.

Assurant said its American Security unit has reached an agreement with California's Department of Insurance to reduce rates for lender-placed insurance in the state by 30.5%.

The new chairman of the Mortgage Bankers Association says the industry needs to make certain that regulators understand that to go beyond consumer protection into excessive credit constraints will damage the housing industry.

Transparency is the word being thrown around by many at the meeting.

Fannie Mae and Ginnie Mae are seeking to protect taxpayers as a flood of new lenders apply to do business with them.

Mortgage Bankers Association president and CEO David Stevens declared that Fannie Mae and Freddie Mac should go through the same rule-making process as any other government agency while they are in conservatorship.

It’s safe to say that Debra Still, the incoming chair of the Mortgage Bankers Association, is battle-tested.

The Consumer Financial Protection Bureau is working closely with state regulators in an effort to ensure a level playing field in the nonbank mortgage sector.

Fannie Mae hopes to attract more private capital to the business but so far it's been tough sledding.