Compliance & Regulation

The residential mortgage division of Ally Financial Inc. missed a scheduled payment on its debt Tuesday, laying the ground work for an eventual default if the payment is not made up quickly.

A Consumer Financial Protection Bureau proposal would protect certain information depositories provide to the agency, but one prominent group is claiming CFPB doesn't have a right to the information in the first place.

A Consumer Financial Protection Bureau proposal would protect certain information banks provide to the agency, but one prominent group is claiming CFPB doesn't have a right to the information in the first place.

Some regulators are using the state-run National Mortgage Licensing System to ride herd over more than just the mortgage business.

Political pressure backed with money can be very persuasive in Washington and it may provide relief for some underwater borrowers with Fannie Mae and Freddie Mac loans.

Anthony J. Simich, a division vice president for eWarehouseOne, resigned from the firm late last week, telling National Mortgage News that the company is having trouble closing lines of credit.

Loan originator compensation rules were originally adopted by the Federal Reserve Board in September 2010 and covered institutions were required to comply with the provisions on April 6, 2011.

If the natural disasters experienced across the nation in recent years are any indication of what the future holds in terms of weather-related catastrophes, securing residential insurance, even at a premium price during these difficult economic times is an important step for all homeowners.

The 'qualified mortgage' rule that the Consumer Financial Protection Bureau is working on is expected to limit the kind of mortgages that lenders can make – but may also curb the size of the loans they originate as well.

The foreclosure crisis is loosening the traditionally strong tie homeowners have with their homes. New findings from FICO's latest quarterly survey of bank risk professionals indicate one way the slow recovery will affect distressed homeowners in 2012 is increased propensity for "strategic default."