Compliance & Regulation

Freddie Mac’s approach to the first HARP refinancing program resulted in faster prepayment speeds on its securitized mortgages compared to Fannie Mae MBS, according to a new report from Amherst Securities Group.

Determining a portfolio’s exact level of risk is particularly challenging due, in part, to the sheer volume of data and information requiring thorough review.

The Department of Housing and Urban Development plans to decrease the New York State Fair Market Rent limits for fiscal year 2013.

After losing in a district court, the Mortgage Bankers Association has decided to appeal and take its case to block overtime pay for loan officers to a higher court.

Attus Technologies, a provider of regulatory compliance products, has introduced six new Dodd-Frank Act planning and mortgage reform compliance self-assessment modules to its Managed Compliance Service.

The Treasury Department’s announcement Friday that it was restructuring its ongoing bailout of Fannie Mae and Freddie Mac caught most observers off guard.

Because of the stabilization in house prices, neither government-sponsored enterprise has had to borrow significant money from the Treasury since the beginning of the year, leaving the total tab for their bailout at around $190 billion.

Given the pace and complexity of changes impacting the mortgage industry, getting it right the first time can be quite a challenge.

This product helps lenders meet Fannie Mae’s Loan Quality Initiative recommendations and check borrower credit activity during the processing of a mortgage.

The Consumer Financial Protection Bureau’s flat fee proposal met resistance from mortgage brokers, loan officers, and consumers who pay discount points.