Compliance & Regulation

Yes, thousands of consumers have been wronged by residential servicers that cut corners on their foreclosure paperwork and decided to 'robo' away their workload. But does a consumer who was in arrears deserve to get his house back? It's a question the general media has yet to ask and at the same time it's a difficult question.

DocX and its founder Lorraine Brown have been indicted by a grand jury in Boone County, Mo. for alleged forgery of mortgage documents used to evict distressed borrowers from their homes.

Ask anyone in the mortgage lending business today—the industry is all about managing risk. Why then, has the mortgage business been the culprit for one of the worst risk failures in our country’s history? Where did the system break down?

commercial real estate exposure was the main reason why bank loans failed in January. Nonperforming loans for commercial real estate comprised $363.5 million of the total $487.7 million for the failed banks.

The trigger for a Friday shutdown by the FDIC is undercapitalization. But while capital is "the last straw," it does not serve as a good long-term predictor of bank failures.

Dissenting Federal Reserve Board member Charles I. Plosser, president and CEO of the Federal Reserve Bank of Philadelphia, in a speech Monday renewed his longstanding opposition to Fed policy moves aimed at putting downward pressure on rates for mortgages and other funding.

After a yearlong effort to reach a multistate settlement with the top five mortgage servicers, state attorneys general and the firms involved finally appear to be close to a deal. But even before it is signed, there are already questions about how it will be implemented and future litigation risks.

Senate Minority Leader Mitch McConnell and 38 other Republicans are pledging to file a court brief supporting any legal challenge to the recess appointment of Richard Cordray to the Consumer Financial Protection Bureau.

Washington's inability to come to grips with the nation's debt issues and other economic woes is costing jobs and holding back the economy, the president of the Mortgage Bankers Association charged in a speech Tuesday

A House Financial Services subcommittee is slated to mark up an FHA reform bill Tuesday that establishes a minimum annual mortgage insurance premium and extends the agency's indemnification requirements to all approved lenders.