Compliance & Regulation

Cashmere Valley is turning to outsourcing to help make sense of the complicated legislation that after two years is still developing as provisions get delayed, clarified or rewritten. For banks with assets of less than $10 billion, it's not even clear which parts of the law apply.

Land Home Financial Services entered into a $20,000 settlement with the HUD over alleged violations of the Fair Housing Act involving an application where the wife was on maternity leave.

The Federal Housing Administration appears to be in process of a changing a March directive that made it more difficult to process refinancings.

If the government is bent on winding down Fannie Mae and Freddie Mac sooner rather than later, then it helps that some major lenders are committing to buy back soured loans from the government-sponsored enterprises all at once, rather than quarter by quarter.

The Consumer Financial Protection Bureau offered new details about how the agency will examine large credit-reporting firms.

Plenty of mortgage banking firms are lining up to get their Ginnie Mae approvals so they can issue government-backed mortgage bonds and service the underlying loans.

Fannie Mae Chief Economist Doug Duncan explains the correlation between rising student loan debt and its impact on household formation and mortgage originations.

Housing bond volume jumped 36.1% between the first half of 2011 and the first half of this year.

Eminent domain for underwater loans and laws affecting foreclosures do impact loan originators, said the board of the California Association of Mortgage Professionals.

The Consumer Financial Protection Bureau's enforcement guide explicitly requires lenders to have chief compliance officers, but what does that really mean?