Compliance & Regulation

A federal task force formed to probe misconduct in the mortgage and MBS markets may be getting ready to take action.

Rep. John Campbell, R-Calif., introduced a bill that would cut off a community’s access to government-backed loans if local officials invoke eminent domain to seize mortgages.

Consumer Financial Protection Bureau chief Richard Cordray believes mortgage bankers should not be overly concerned about potential legal liability for making so-called qualified mortgages.

Some helpful hints if the taxman comes knocking on your door.

Much that has been written on vendor selection focuses on intangible principles associated with risk reduction, with much less practical guidance available on "best practices" for identifying and selecting vendors.

Fannie Mae is telling new seller/servicers that it will cap how much product they can sell to the GSE based on their net worth and other factors.

Who's on the Fannie/Freddie 'High Risk' watch list? Well, we can guess who isn't on it.

For the week ending Sept. 20, 30-year fixed-rate mortgages fell six basis points to 3.49%, matching the record low, while 15-year FRMs declined eight basis points to 2.77%, setting a new record low.

Fannie Mae Chief Economist Doug Duncan explains the impact of the eurozone crisis on the mortgage industry.

A former sales executive at Washington Mutual Inc.’s subprime lending unit, Long Beach Mortgage, was convicted of fraud by a federal court jury.