Compliance & Regulation

The European Central Bank's (ECB) governing council has announced how the mandatory provision of loan-by-loan ABS data will be introduced into the securitization single loan-level data repository known as the European DataWarehouse.

Nationstar says it is increasing by $125 million its bid on mortgage-related assets that it hopes to buy from the bankrupt Residential Capital Corp.

The number of fraudsters who charge fees for securitization audits, which is easily accessible and free to all, is increasing.

Regional and midtier banks are seeing rising repurchase demands from government-controlled secondary market giants.

From time to time non-originating branches can be appropriate, however, they are not a "solution" to paying profit to managers who truly want to continue originating loans.

While the scandal surrounding the rigging of the London Interbank Offered Rate is expected to widen, the index is “so ingrained in the financial system” that there’s “little threat to its status as a global interest rate benchmark.

In an effort to squeeze out profits in a low-interest rate environment, banks are under increasing pressure to lower underwriting standards, offer new, potentially dangerous products and ignore operational risk.

If your mortgage banking employer isn’t making money hand-over-fist then there’s something terribly wrong.

Federal banking regulators repeatedly fell short in their efforts to alert foreclosed homeowners that they may be eligible for monetary relief.

By 2005, in spite of Washington Mutual's concerns that there was a housing bubble brewing, they began to focus on option ARM loans.