Compliance & Regulation

The Securities and Exchange Commission is investigating the government-owned Residential Capital Corp. for possible misconduct in its loan origination and underwriting practices.

It was a $2.8 million Title VI loan that got a housing project off the ground at the San Felipe Indian pueblo in New Mexico.

The tamper-evident electronic mortgage seal gets put to the test.

The Consumer Financial Protection Bureau promoted Kelly Thompson Cochran to head its Office of Regulations.

The roots of the mortgage crisis stretch back to 1996 with the introduction of Freddie Mac’s Loan Prospector and Fannie Mae's Desktop Underwriter automated underwriting systems.

GFI Mortgage Bankers has agreed to pay more than $3.5 million to resolve a lending discrimination lawsuit filed by the Department of Justice and the U.S. attorney’s office for the Southern District of New York.

As part of Assembly Bill 2314 owners of vacant blighted properties can face fines from $1,000 to $5,000 per day if there are any code violations at the site.

The Consumer Financial Protection Bureau is not giving residential loan officers much flexibility when it comes to changing their origination fee.

The federal regulatory monitor of the $25 billion robo-signing settlement with the nation’s five mega-servicers has recruited five directors to help manage the Office of Mortgage Settlement Oversight.

Findings from Bank of America Merrill Lynch Global Research indicate a small-ticket remodeling pickup is likely to help lift both near-term and long-term investment.