Compliance & Regulation

Mortgage default risk is adjusting to precrisis levels. Almost.

The UFA Default Risk Index for the second quarter of 2012 increased slightly to 120 from last quarter’s revised 119 that was based on the UFA baseline macro scenario.

A federal judge ruled in favor of two investors involved in litigation against Bank of America offering an alternative insiders see as self-help in mitigating conflicts of interest between lenders and investors of asset-backed commercial paper.

The housing-fueled rise and rapid fall of Washington Mutual may be the most forgotten story of the financial crisis. Kirsten Grind, the author of a new book out Tuesday about WaMu titled "The Lost Bank," believes there are several reasons why the bank's story has yet to crack the public consciousness.

A federal judge has ruled in favor of two investors involved in litigation against Bank of America.

In a new letter to HUD secretary Shaun Donovan, 69 members of Congress ask the agency to ease underwriting standards on condominium loans financed by the Federal Housing Administration.

"Oppressive." "Harsh." "Micro-managing." These were some descriptions community bankers were using in congressional hearings last year to describe their safety and soundness exams. But it appears the bank-examiner relationship has started to change dramatically.

Bank of America agreed to pay up to $161,180 to settle allegations that one of the bank’s branches refused to refinance the mortgage of a California woman because she was on maternity leave.

The Federal Housing Administration announced plans late Friday to expand a program that encourages the sale of distressed mortgages to new investors.

Some industry officials are urging the Consumer Financial Protection Bureau to use its ‘exemption authority’ to exclude Fannie Mae, Freddie Mac, and FHA loans from its LO compensation proposals.