Compliance & Regulation

The Federal Housing Finance Agency threatened Wednesday that it would take action against municipalities that attempt to use eminent domain to refinance underwater mortgages.

Rep. Scott Garrett (R-NJ), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, will be the keynote speaker at National Mortgage News’ 2nd annual Mortgage Regulatory Forum on Thursday, Sept. 13 in Arlington, Va.

The Consumer Financial Protection Bureau could release long awaited residential servicing rules Thursday, according to a memo being circulated by the Mortgage Bankers Association.

Under pressure from industry groups, federal banking regulators have extended the comment period on Basel III risk-based capital proposals by six weeks to Oct. 22.

Reverse mortgage lenders in Massachusetts have gained a two-year reprieve from enforcement of the state’s face-to-face counseling requirements scheduled to go into effect on Aug. 1.

Fannie Mae is pressing its seller/servicers to repurchase $14.5 billion of bad mortgages but only a small portion of those buyback requests involve loans originated after 2008.

The Federal Housing Finance Agency on Wednesday slammed plans by some local governments to use eminent domain to refinance underwater mortgages.

Will other correspondent buyers of residential loans follow in the wake of PHH Mortgage and exit the third-party channel?

Freddie's strong operational performance is sustainable, and it is a reminder that the government-sponsored enterprises could serve as a cash cow for private investors.

Two identifiers will determine whether the single-family rental market securitization product will be successful: the local employment base and desirability of the neighborhood.