Compliance & Regulation

Under a big white tent in Joe Chillura Courthouse Square, the NAHB, with several co-sponsors, collected signatures on petitions calling for politicians to solve the foreclosure crisis, guarantee credit-worthy home buyers and small business the opportunity to obtain loans, and protect the mortgage interest deduction.

San Bernardino County is forging ahead with deliberations on a proposal to seize delinquent mortgages, despite its largest city’s decision Tuesday night to seek bankruptcy.

The credit-score company VantageScore Solutions, which beat an antitrust lawsuit last year, is taking precautions to avoid repeating the experience.

REITs, including mortgage REITs, continue to offer more attractive yields to investors even though the pace of increases has slowed down.

The causes of the mortgage meltdown were widespread. Repeatedly identifying one group, like brokers, may be politically expedient, but it isn’t honest.

More than 90 members of the House are urging the Consumer Financial Protection Bureau to provide a legal safe harbor in the final qualified mortgage rule to protect lenders from frivolous lawsuits.

The American Securitization Forum suggests a regulatory directive for Freddie Mac to outsource its loan delivery mechanism to Fannie Mae.

Now we’re told (but unconfirmed) that many large buyers of closed mortgages (correspondent purchasers, that is) have similar exclusionary lists, though they may call it something else.

In a request for a protective order filed with the U.S. District Court for the Central District of California NCUA claims the depositions of the three senior NCUA officials should be barred.

One effect of the current default crisis is that servicers are squeezed for fees. To compete, they need to differentiate their offerings by providing more value than their competitors. How can servicers add value?