Compliance & Regulation

When veteran regulator Tim Long announced his retirement from the Office of the Comptroller of the Currency last year, the agency quickly replaced him with David Wilson, its deputy comptroller for credit risk. To do so, however, officials had to work around the strict ethics rules governing federal employees because Wilson, who would oversee supervision policy for all national banks, is married to a high-level executive at Bank of America.

An effort is gaining momentum to require banks to lend more in low-income neighborhoods in order to gain municipal business.

Some mortgage bankers are hoping for a Romney White House with the first order of business being the death of the Consumer Financial Protection Bureau. Of course, even if Romney wins that doesn’t mean he will be able to jam a bill to kill the agency quickly through the House and Senate.

Green Tree Servicing, a unit of Walter Investment Management Corp., will begin servicing about 4,000 Bank of America mortgages this month as part of the bank's mandate to hire delinquent-loan specialists under a widely watched investor settlement.

The Government National Mortgage Association approved 35 issuer licenses last year and hopes to approve about the same this year.

Regulators issued guidance Monday on how they plan to coordinate supervision of banks and credit unions with more than $10 billion in assets.

With all the attention to the new appraisal independence requirements in Section 129E of the federal Truth in Lending Act (TILA) that became effective in April of 2011, it can be easy to forget that more Dodd-Frank-based appraisal regulations are coming.

Wil Armstrong, CEO of Blueberry Systems and chairman of Cherry Creek Mortgage, discusses how origination technology can help lenders' retained servicing strategies.

Are the instructive lessons of the past sufficiently integrated into current industry business models and strategic planning?

Orrstown Financial Services has been hit with a lawsuit alleging that it misled investors about its financial strength during its March 2010 stock offering.