Compliance & Regulation

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."

The Consumer Financial Protection Bureau’s highly anticipated proposed loan officer compensation rule is expected to be released Friday, but it won’t look anything like the agency’s original proposition.

Starting in September Bank of America has agreed to use the Web portal of Hope Now, in a move the alliance sees as “a game changer.”

The latest legal cases and regulatory actions from around the nation.

Federal officials unveiled new proposals that would toughen appraisal standards as they continue to mull broader steps to improve the mortgage process.

Bank of America’s alliance with Hope LoanPort may give a new boost to the number of modifications completed hereon.

Data on the loans municipalities are being advised to target show fewer underwater mortgages are defaulting and when borrowers stop paying, modifications increasingly include balance cuts.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.