Compliance & Regulation

According to CoreLogic’s Negative Equity Report, nearly 17 million borrowers who were underwater by the end of the first quarter had loan-to-value ratios of 80% to 125%, which purely from an LTV perspective makes them eligible for the original Home Affordable Refinance Program.

A private company has proposed inducing local governments in the "test" state of California to exercise their power of eminent domain to seize, not houses or property, but the underlying liens.

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.