Compliance & Regulation

The Federal Housing Finance Agency hired Denise Dunckel as a senior associate director for the office of congressional affairs and communications.

A surge in mortgage lending drove strong profits for banks of all sizes in the first quarter, with some banks attributing the improvement to new regulations.

Ally Financial, in a new public filing, finally admits that it is weighing bankruptcy protection for its struggling residential mortgage division which is facing potential additional losses of up to $4 billion.

For a year now the government owned Ally Financial has kept mum on the idea of throwing ResCap into bankruptcy protection but the self imposed gag order came off late Friday night, squirreled away in the folds of a new 148-page SEC filing.

The National Credit Union Administration is preparing to ease the reins on the use of financial derivatives and allow more credit unions to deal in a variety of instruments that would help them hedge interest rate risk, including interest rate swaps, caps, floors, options and collars.

It's no secret that there are signs of life in the 'flow' servicing market, but will these green shoots of a revival turn brown?

By now, thousands of readers have viewed our coverage (both in print and online) of eWarehouseOne, the mysterious warehouse lender that appears to have collected at least $250,000 in application and good faith checks, and doesn’t have a whole lot of lines of credit to show for it. After two months of investigating the company and talking to roughly 20 sources, we’ve come to the conclusion that the man running the show is Tom Reynolds, once listed as EVP in charge of warehouse lending. The problem is this: none of the account executives hired by the company (some of whom have left) have ever met Reynolds, though they’ve spoken to him on the phone.

The Federal Housing Finance Agency lifted an eight-year-old cease-and-desist order against the Federal Home Loan Bank of Chicago, which pioneered the Mortgage Partnership Program back in the 1990s.

Housing industry groups are pressing the Consumer Financial Protection Bureau to craft a qualified mortgage rule that shields lenders from meritless litigation and ensures access to affordable and sustainable mortgages.

The Federal Housing Finance Agency has indefinitely delayed its timeline for a highly anticipated decision on whether to allow principal reductions on loans owned by Fannie Mae and Freddie Mac.