Compliance & Regulation

Glen Ward promised to delay foreclosures for distressed homeowners as long as they could pay him $700 a month.

When faced with a regulatory change that impacts business operations, there are two ways to view the challenge: as a crisis or as an opportunity.

On Monday, National Mortgage News will publish a story in its paper edition (yes, paper) that says the Federal Housing Finance Agency is working on language that will make GSE loans bullet proof from buybacks if they’ve been current for 36 months.

The Consumer Financial Protection Bureau Friday afternoon unveiled its latest proposal on loan officer compensation, providing more leeway for lenders to charge upfront points and points.

Treasury announced that it has amended the preferred stock purchase agreements that the federal government has used to prop up the two government-sponsored enterprises.

A survey released by Ellie Mae found that bankers remain concerned about regulation and compliance costs, but many believe they can benefit from reduced competition and other lenders are forced out of the mortgage business.

San Bernardino County unanimously passed a resolution authorizing its staff to create a request for proposal, a formal mechanism for considering plans to address the glut of underwater borrowers.

The upcoming presidential election will have a significant impact on compliance but will not cause it to decrease.

The Treasury Department unveiled a bold new plan to speed up the dissolution of Fannie Mae and Freddie Mac, saying the two can no longer retain profits and must reduce their massive portfolio holdings at an annual rate of 15%.

Unlicensed origination activity by loan officers is occurring "at a surprising rate."