Compliance & Regulation

Proponents of principal forgiveness are certainly well-intentioned and cannot be faulted for seeking opportunities to help troubled borrowers.

The head of Ginnie Mae said the agency is trying to “triage” its application problem after finding out that over the past year it could approve less than half of all applicants—and that several of those who received a green light have yet to issue any securities.

For the fifth consecutive year, the rate of mortgage fraud increased compared to the prior year. In 2011, there was an 8% rise in year-over-year fraudulent mortgage applications in the United Kingdom.

The housing finance system must be given back to the companies that make mortgages and the borrowers who use them to buy homes, keynote speakers said at the Mortgage Bankers Association’s National Secondary Market Conference.

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.