Compliance & Regulation

The special inspector general for the Troubled Asset Relief Program said Wednesday that it worked with Google to suspend advertising for a slew of alleged online mortgage modification scams.

The Department of Housing and Urban Development this week issued a proposed rule to clarify its fair housing regulations which encompass lending practices.

The Federal Home Loan Bank of Chicago is expanding its Mortgage Partnership Finance product line for Fannie Mae-eligible loans by offering a 'servicing released' option for the first time.

The House Financial Services Committee approved a bill Tuesday by a 52 to 4 vote that would limit executives' salaries at Fannie Mae and Freddie Mac and remove any extra "bonus" pay.

The Consumer Financial Protection Bureau received a clean bill of health from the Government Accountability Office in its first annual report of the bureau's finances.

Of the thousands of financial regulations on the books, which is the most burdensome? Dodd-Frank? Truth in Lending? Basel III?

House and Senate appropriators approved more funds for a foreclosure mitigation program and included another short-term extension of the National Flood Insurance Program in a spending bill expected to pass this week.

Fannie Mae and Freddie Mac late Tuesday afternoon released a somewhat detailed bulletin on the underwriting guidelines for refinancing underwater borrowers with GSE loans, segmenting what's allowable based on the LTV and if the product is being offered by the current servicer.

Two Michigan registers of deeds have filed a class action lawsuit against Mortgage Electronic Registration Systems for allegedly not paying proper county and state transfer taxes.

Massachusetts Sen. Scott Brown late Monday became the first Senate Republican to endorse the nomination of Richard Cordray to lead the Consumer Financial Protection Bureau.