Compliance & Regulation

While bankers remain concerned about the activities of the Consumer Financial Protection Bureau, they should take some comfort from a recent suggestion by the agency's director, Richard Cordray, that the regulation of nonbank institutions is a top priority.

A Houston family has been sentenced to federal prison for running a multi-million dollar mortgage fraud scheme that resulted in at least 70 homeowners defaulting on their mortgage payments.

There may be a simple reason why Wells won’t buy mortgages from a certain lender.

The lending industry would face “disparate-impact” liability for Fair Housing Act violations under a rule recently proposed by HUD.

Ginnie Mae wants to provide more loan-level data to its MBS investors so they can determine if the underlying mortgages were originated through a mortgage broker or some other third-party channel.

Nonbank trade groups are calling on the Consumer Financial Protection Bureau to narrow the definitions it will use to determine which nonbanks will be subject to federal supervision.

In February and January of this year mortgage firms hired 5,500 workers. That’s good news for the industry and shows that residential finance is on the rise again after several rough years of dealing with record delinquencies, sagging home values, tougher regulations, and the general perception that “renting is good.”

The New York Federal Reserve has initiated a competitive bid in response to reverse inquiries for the holdings in two mortgage-related Triaxx collateralized debt obligations in the Maiden Lane III portfolio.

When MetLife Bank NA jettisoned its mortgage subsidiary back in January most of the firm’s loan officers moved to Wells Fargo and other banks. For the LOs affected, moving to a nonbank lender wasn’t a practical option.

When MetLife Bank NA jettisoned its mortgage subsidiary back in January most of the firm’s loan officers moved to Wells Fargo and other banks. For the LOs affected, moving to a nonbank lender wasn’t a practical option.