Compliance & Regulation

The Mortgage Bankers Association hired industry veteran Pete Mills as its new senior vice president of residential policy and member services, effective Oct. 1.

I’ve been to hundreds of mortgage meetings, and never once has the topic of the War of 1812 been raised. Until now.

The proposed integrated Real Estate Settlement Procedures Act/Truth in Lending Act form, which the Consumer Financial Protection Bureau calls the “Loan Estimate,” is designed to help borrowers shop for the best deal.

Ten industry groups are urging the Consumer Financial Protection Agency to issue a qualified mortgage rule that allows them to adhere to current underwriting standards without fear of litigation.

Federal Deposit Insurance Corp. board member Thomas Hoenig has a bold suggestion for regulators crafting Basel III capital rules: start over.

The presidential election is heating up and according to emails I’ve received there’s evidence out there suggesting that not all mortgage bankers love GOP candidate Mitt Romney.

The Justice Department is defending a recent fair-lending settlement against an accusation of prosecutorial overreach.

Presale reports on the latest deal from the only consistent, current issuer of recent origination private-label mortgage-backed securities highlights its inclusion of relatively shorter-term loans.

An ethical sales atmosphere starts at the corporate level.