Compliance & Regulation

The mortgage disclosure proposal is intended to simplify the disclosure process by combining overlapping requirements in the Truth in Lending Act and Real Estate Settlement Procedures Act.

The Consumer Financial Protection Bureau has taken its first civil action, suing and effectively stopping business at a Los Angeles law firm that charged homeowners for loan modifications that allegedly never happened.

In an interview with Credit Union Journal, NCUA board member Michael Fryzel describes the mood and the thinking at NCUA in the months leading up to the conservatorship of WesCorp.

A former Minnesota Vikings tight end has reached a settlement with federal regulators over his alleged misdeeds at a Minneapolis-area community bank.

Barclays Capital, Citigroup Global Markets, Credit Suisse and Deutsche Bank Securities were among the winning bidders for the sale of roughly $4.5 billion of additional assets from the Maiden Lane III portfolio.

Servicers of securitized commercial mortgage loans beware of the still-elevated delinquency rates.

A few hours after the Federal Housing Finance Agency officially slammed the door on principal reductions, the Treasury Department shot off a memo to agency director Ed DeMarco asking him—more or less—to reconsider his position.

The Mortgage Bankers Association, in a new comment letter to the CFPB, questions whether bank and nonbank residential loan officers should face the same rules when it comes to training and other issues such as “character” and “fitness” responsibilities.

So far, 43% of complaints received by the CFPB since it opened its doors in July 2011 were about mortgages.

The story of WesCorp: How one corporate credit union came to grow fast, grow big, and grow into a problem that couldn't be resolved.