Compliance & Regulation

Six out of the 10 members of the House Ethics Committee have recused themselves from an investigation involving Rep. Maxine Waters and the bailout of a bank in which her husband owned shares.

The last round of good faith estimate reform from 2010 is still causing some consternation two years later, and the industry is heading toward another round.

Over the last 20 years you have all heard me speak of this agency. All federal financial institutions have to file Suspicious Activity Reports with it. The filer may not reveal to anyone this has been done under criminal penalty. The filer does it in good faith and does not even have to be right. It reaches the desks of the FBI, Secret Service and local prosecutors.

First things first: Yes, I can live on $500,000. Heck, I can live on $250,000 a year. Would I like to run Fannie Mae, the government-controlled mortgage giant? Answer: Sure, why not? But first I have a few stipulations.

The Obama administration has opened the door for nearly 1 million existing FHA borrowers to refinance by encouraging lenders to originate more 'streamline' refinancings. But will it happen?

The House and Senate on Friday passed a $150 billion bill that extends a payroll tax reduction and unemployment benefits for 10 months without increasing guarantee fees on Fannie Mae and Freddie Mac loans.

The mortgage division of D.R. Horton recently fell victim to a cyber security attack, potentially compromising sensitive borrower data, the Fort Worth, Texas-based homebuilder disclosed late Thursday.

According to the office of the inspector general for the Troubled Asset Relief Program, Reginald Harper developed a scheme with Troy Fouquet, a local real estate developer, to create and use false loans to hide delinquent nonperforming loans.

So your underwriter wants to work from home? Beyond the concerns most employers would typically have, financial services firms must carefully consider the security of private customer financial data before deciding whether, how and which employees can work remotely.

Fannie Mae's second multifamily DUS REMIC of the year drew several new investors that one of its executives said were attracted by the deal's relatively strong debt-service coverage ratio, LTV and diversified collateral pool.