Compliance & Regulation

Let's assume that the recent downdraft in rates won't get any worse and then ask this very basic question: will those buying MSRs at today's rock bottom prices look like geniuses when the smoke finally clears?

The Consumer Financial Protection Board stated that it will continue to use the doctrine of disparate impact in its supervisory and enforcement activities.

New York’s Superintendent of Financial Services decried "perverse incentives" in the force-placed insurance market on Thursday and recommended banning insurers from the standard practice of making payments to referring banks.

Based on the comments appearing on our blogs and message boards, loan officers and mortgage brokers are overwhelmingly Republican. They don’t like too much regulation and given what’s transpired because of Dodd-Frank (regarding loan officer compensation) they’re fighting an uphill battle concerning how much money they can earn.

The Federal Housing Administration’s support for the condominium market continues to fall, but agency officials are hoping to reverse that trend.

Based on the comments appearing on our blogs and message boards, loan officers and mortgage brokers are overwhelmingly Republican. They don’t like too much regulation and given what’s transpired because of Dodd-Frank (regarding loan officer compensation) they’re fighting an uphill battle concerning how much money they can earn.

Here's a fact you may not be aware of: properties governed by homeowner associations are the most rapidly growing form of housing in the U.S. today. Nearly 80% of new home construction is connected with an HOA or community association, according to the Community Associations Institute, the trade association representing HOAs.

A federal official Tuesday afternoon told a group of New York-based third-party origination professionals angered by new proposed compensation and pricing restrictions that the Consumer Financial Protection Bureau would listen to their concerns and could still possibly change the proposals in line with them.

Short sales outnumbered REO sales in 12 states in January, RealtyTrac said, indicating that lender-servicers have agreed to sell the home for less than what’s owed on the mortgage, therefore preventing a borrower from going through the foreclosure process which costs more than executing a short sale.

Despite strong bipartisan support, a bill that would provide banks greater assurance of confidentiality when they provide information to the Consumer Financial Protection Bureau remains mired in the Senate. Exactly why is hard to unravel, but most industry representatives point to Sen. Bob Corker as the chief roadblock.