Compliance & Regulation

The Federal Housing Finance Agency is considering a plan that would help underwater homeowners who have filed for Chapter 13 bankruptcy protection.

After reading bits and pieces of the Securities and Exchange Commission's complaint against the former heads of Fannie Mae and Freddie Mac one thought comes to mind: what exactly is a subprime loan again?

WASHINGTON — Federal regulators on Tuesday disclosed one of the best kept secrets in town: how they planned to regulate the largest U.S. banks and what additional capital and liquidity firms would now need to hold.

The Obama administration is considering nominating Jeremiah Norton, an executive director for JPMorgan Chase & Co.'s investment bank, to sit on the Federal Deposit Insurance Corp.'s board of directors.

President Obama has nominated Richard Berner to become the first director of the Treasury Department's new Office of Financial Research.

House Democrats are pushing back on the Federal Housing Finance Agency's move to block the city of Chicago from enforcing an ordinance that requires Fannie Mae and Freddie Mac to register their foreclosed properties with the city.

Bank of America is close to settling a Justice Department probe into whether its Countrywide Financial Corp. unit violated fair-lending practices, according to a report from Bloomberg.

Daniel Mudd, the former Fannie Mae CEO who is the subject of a new, massive SEC fraud suit, announced Wednesday morning that he is taking a leave of absence from his current employer, Fortress Investment Group, New York.

House Republicans Tuesday afternoon killed a Senate-passed compromise on a short-term extension of the payroll tax cut that is funded, in part, by hiking the guarantee fees charged to seller/servicers by Fannie Mae and Freddie Mac.

Veterans are refinancing at a healthy clip these days as 2011 ends and loan limits on Department of Veterans Affairs guaranteed mortgages are slated to adjust downward in many counties across the nation.