Compliance & Regulation

The Consumer Financial Protection Bureau has issued a final rule to assert its rights to protect the confidentiality of privileged information it collects from the banks and certain nonbanks.

Despite recent advances by credit scoring companies, the mortgage industry still questions whether credit scores can be relied on to predict borrower behavior.

Fitch Ratings has downgraded seven classes from six different Home Equity Conversion Mortgage securitizations.

Fitch Ratings has found that several types of U.S. structured finance assets have been performing way better than expectations, even far better than has been widely reported.

To expedite the legislative process, House and Senate leaders are trying to combine three major bills, including a flood insurance bill, into a single package that both chambers can pass before Congress leaves for its July 4 recess.

The House approved an amendment that would block the Department of Housing and Urban Development from finalizing a proposed rule that would expand the reach of the nation’s fair housing laws.

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.

Once the industry realized just how horrible the housing crisis was, discussions about REO-to-rental and deed-for-lease strategies became popular and the debate continues today.

The largest RHS lender, JPMorgan Chase, is going ahead with a pilot program that allows underwater borrowers in 19 of the “hardest hit” states to refinance without a credit check or appraisal.

A new service from CoreLogic incorporates servicer stop advance data into its private-label residential mortgage-backed securities dataset.