Compliance & Regulation

Analysts are warning that, if implemented, the new mortgage servicing rules proposed by the Consumer Financial Protection Bureau could lead to further market consolidation.

The mortgage servicing market has been experiencing a continued consolidation trend in the recent past.

Julie Williams has been a dominant force at the agency for 19 years, serving four comptrollers and seen as the principal architect of the Office of the Comptroller of the Currency's controversial 2004 preemption rules.

Addressing Chicago’s distressed housing through eminent domain could hurt the market more than help it as it may harm homebuyers' ability to obtain credit.

Turns out that Florida regulator Kevin McCarty had an insurance policy force-placed on his condominium several years ago because of what he describes as a paperwork snafu. It took more than a year to correct the problem and get his money refunded, he says.

Fewer large banks are willing to purchase their loans, so the mortgage banks are throwing themselves into the arms of Ginnie Mae.

The CFPB is working on a real estate issue that gets to the core of its purpose: transparency and better disclosures of costly loan process fees.

Fitch has updated its RMBS loan loss model criteria in a move it expects to affect a relatively small percentage of its ratings overall.

It is widely recognized throughout the industry that short sale completions are increasing.

Capacity constraints and issues with cross-servicer refinances remain significant challenges to the Home Affordable Refinance Program.