Compliance & Regulation

Out of all of the SARs filed from depository institutions in 2011, possible mortgage fraud was reported on 92,028 files, compared to only 70,472 the prior year.

Mitt Romney has participated in 23 debates and sat for scores of interviews since launching his campaign for president, but nearly a year later, he's still maddeningly vague about his views on financial policy.

Allonhill, a mortgage due diligence provider that two weeks ago lost a consulting contract with the Office of the Comptroller of the Currency, has given layoff notices to dozens of employees, according to industry consultants who were briefed on the matter.

At some point the White House might finally understand that the regulatory pendulum has swung much too far in the other direction.

Mortgage lenders are unlikely to loosen credit or expand their servicing and origination capacities until Washington policymakers make key decisions about the future of the nation’s housing finance system.

Citing the $2 billion loss at JPMorgan Chase, Massachusetts Senate candidate Elizabeth Warren is calling for the enactment of a new version of the Glass-Steagall Act.

Dissatisfaction is growing in Congress with the Obama administration’s decision to leave mortgage investors out of talks that led to a $25 billion settlement.

Dissatisfaction is growing in Congress with the Obama administration’s decision to leave mortgage investors out of talks that led to a $25 billion settlement.

The Fourth Circuit Court of Appeals sided with the Consumer Financial Protection Bureau’s reasoning in an amicus brief and broke ranks with other courts in ruling on a borrower’s right to rescind and void a mortgage contract.

The Federal Housing Administration will begin collecting full, electronic appraisal reports for the mortgages that it insures.