Compliance & Regulation

Almost 30% of all refinances are shorter amortization products, up from just 5% in 2007.

Equifax's latest monthly national consumer credit trends report shows a decline from July 2011 in the amount of overall mortgage debt and a decrease in residential mortgage delinquencies.

The Federal Reserve Bank of New York announced the sale of the rest of the securities in the Maiden Lane III portfolio.

Mortgage brokers were relieved when they finally saw the Consumer Financial Protection Bureau's new loan officer compensation rule gave them some leeway.

The Attorney Generals in Arizona and California are pursuing loan modification fraud cases.

The Federal Reserve Bank is planning to sell $3.4 billion in toxic mortgage debt that it inherited four years ago when it bailed out American International Group Inc.

Minutes from a recent Federal Open Market Committee meeting show Federal Reserve officials leaning toward taking more steps to artificially lower long-term rates.

Chase, Bank of America, Citigroup, Wells Fargo and Ally Financial have been sending mass mailings this year to thousands of distressed homeowners offering refinances, principal reductions and other forms of relief to comply with the national mortgage settlement signed in March.

The Federal Housing Finance Agency is expected to issue loan buyback guidance by late September—or even earlier—that could spell relief for seller/servicers depending on how many caveats are attached to the language.

Friends of Traditional Banking, the SuperPAC created by a group of state associations last spring, has taken the next step, narrowing its sights to seven races—three in the Senate and four in the House.