Compliance & Regulation

Monday marked the implementation deadline for the Uniform Loan Delivery Dataset, the new loan-level mortgage information file format developed by Fannie Mae and Freddie Mac for all loans sold to the government-sponsored enterprises.

Treasury Secretary Timothy Geithner's appearance this week on Capitol Hill is instead expected to focus primarily on alleged manipulation of the London interbank offered rate.

The Consumer Financial Protection Bureau wants to level the playing field so that all mortgage loan officers, whether they work at a bank or a mortgage brokerage, undergo similar training and meet the same standards for character, fitness and financial responsibility.

When it comes to automation technology, servicers are faced with a myriad of choices between traditional, in-house software versus vendor-hosted services, or software-as-a-service delivery options.

A federal indictment charged 11 individuals for their roles in a $15 million mortgage fraud scam that used straw buyers to make illegal profits on overbuilt condominiums in New Jersey.

The September expiration date for the Small Business Administration's secondary market program for the first lien position means that first mortgages will no longer be eligible for a government guarantee.

Market participants believe the availability of new mortgage production is an obstacle to QE3 despite Federal Reserve chairman Ben Bernanke's supportive comments in his semi-annual congressional testimony.

The Texas community banker who's leading the courtroom fight against the Consumer Financial Protection Bureau took his case to Capitol Hill.

Just as lending was starting to catch fire, some banking executives are already pouring cold water.

Habitat for Humanity is expressing concern about the potential impact of the so-called qualified mortgage rule on its ability to build homes for people in need.