Compliance & Regulation

The first official report from the Office of Mortgage Settlement Oversight isn't due until a year after the settlement was finalized, or April 2013.

Flagstar Bancorp must stand trial over charges it breached contracts for financial guaranty insurance on roughly $1 billion in residential mortgage-backed securities it issued during the run-up to the financial crisis.

California Gov. Jerry Brown this week signed three new laws that are part of the Homeowner Bill of Rights aimed at increasing prosecutions for mortgage-related crimes.

The Federal Reserve's latest mortgage bond purchases so far are helping profit margins at lenders more than homebuyers and property owners looking to refinance.

Barclays Bank has been sued by the nation's top credit union regulator for violating federal and state securities laws tied to the sale of nonprime MBS.

Consumer advocates filed a discrimination complaint this week alleging that Bank of America violated fair-housing laws by failing to appropriately maintain and market foreclosed properties in minority neighborhoods.

The Federal Deposit Insurance Corp. has unveiled a new system for classifying violations of consumer-protection rules that the agency spots during exams.

A recent article titled “Mortgage Cops Taking Tough Stance” implies that my office is going to “lock up” anyone who strategically defaults on their mortgage.

The government insurance program so far is seeing a decline in market share, as planned.

The Federal Reserve’s third quantitative easing program has made more progress lowering rates than some expected, but it is not at a point where it will spur refinancing notably.