Compliance & Regulation

Residential loan officers are entitled to overtime pay if their primary duty involves selling mortgages, according to the United States District Court in Washington.

The Consumer Financial Protection Bureau is planning stronger disclosure requirements for reverse mortgages as more evidence emerges that senior citizens are using the product without fully understanding its main features and risks.

A House investigative report says Countrywide Home Loans doled out almost 18,000 “Friends of Angelo” loans over a 12-year period, but the price breaks were not very significant.

Four New York thrifts received approval to switch from federal to state charters, adding to a growing list of converts nationwide.

The Consumer Financial Protection Bureau should outline what constitutes potentially "abusive" acts or practices.

The Consumer Financial Protection Bureau is in the throes of working on financial compliance audits of some of the nation’s largest nonbank mortgage lenders and hopes to complete at least one of these audits in the next few weeks.

Over the past 18 months, KB Home experienced a “great deal of disruption” as Bank of America and MetLife curtained their lending mortgage activities.

The U.K.'s Financial Services Authority has "a number of investigations concerning Libor" beyond the case that resulted in a record fine levied against Barclays Plc last week, the agency's acting head of enforcement said.

Accurate disclosure of fees topped access to rates without having to disclose personal information in what American consumers most want in a mortgage shopping website.

Saudi Arabia’s mortgage law, approved two days ago after more than a decade of debate, will encourage banks to expand lending in a $16 billion market that now accounts for less than 4% of all home purchases.