Compliance & Regulation

Wells Fargo was sued by the U.S. government over claims the bank committed fraud by making reckless mortgage loans.

The U.S. charged 530 people with targeting homeowners in mortgage schemes that cost the victims more than $1 billion, Attorney General Eric Holder said today.

Under the Dodd-Frank Act, banks with more than $10 billion of assets must meet annual stress-test requirements established by their primary federal regulator.

HAMP servicers approved 16,500 loan modifications in August, but only 5,070 of those involved principal reductions, according to the latest Home Affordable Modification Program report from the Treasury Department.

Many mortgage bankers aren't waiting around for regulators to define what a qualified mortgage is and instead are writing their own rules, including strict about debt-to-income ratios.

Ellie Mae has developed a new document preparation technology designed to be more streamlined and integrated than its current doc prep engine.

The mortgage settlement/closing process in Australia is antiquated, lengthy and at times just simply frustrating.

Electronic document management is great, but it's far from new. Technology vendors have been providing these technologies for close to two decades, but their need has never been more important.

Does anyone else think that Ed DeMarco is the lone voice of reason in Washington when it comes to housing?