Compliance & Regulation

A proposal by regulators to revamp the way banks must measure risk on certain assets is alarming many community bankers.

RealtyTrac released its May U.S. Foreclosure report, which emphasized the first year-over-year increase in foreclosure starts in 28 months. What does this mean?

These days, many lenders’ licensing and legal departments are larger than what they were budgeted for, and adding efficiency without adding head count to the back office must be a priority.

Housing markets are showing credible signs of a revival that still is “in the early innings,” according to the State of the Nation’s Housing 2012 report released by the Joint Center for Housing Studies of Harvard University.

The slow pace of rulemakings under Dodd-Frank has been a consistent rallying cry among those skeptical of the law.

To hear some nonbank lenders talk about the Consumer Financial Protection Bureau you would think they were dealing with Dracula or something.

New York Attorney General Eric Schneiderman has introduced the Foreclosure Fraud Prevention Act of 2012 to the State Legislature that defines residential mortgage foreclosure fraud and imposes new penalties for those who intentionally engage in illegal activity within the state.

A federal court panel said Bank of America can't consolidate multiple lawsuits involving losses suffered from the collapse of Taylor Bean & Whitaker and Colonial Bank in a multibillion-dollar fraud.

The Mortgage Bankers Association has formed a select committee to find a replacement to departing president David Stevens with 15 candidates being thrown into the pool.

Regardless of your position on the use of MERS as a nominee for the lender, creating a shared, accessible database of record is another reason why lenders and servicers have worked diligently to certify the accuracy of the data entered in the MERS database.