Compliance & Regulation

The Fed can do more to help the economy, and buying mortgage-backed securities could be a good start, since it would boost the beleaguered housing market, Federal Reserve Bank of New York President William Dudley said Thursday.

Moody's Investors Service downgraded the rating of Colorado Housing and Finance Authority (CHFA) to A2 from A1 on Friday.

Mike D'Alonzo last week officially stepped down as president of the National Association of Mortgage Brokers, saying he wants to spend more time running his Pennsylvania-based brokerage firm.

The nominee to run the Federal Housing Administration opposes extending higher limits on federally-insured loans.

In the wake of the savings and loan crisis of the 1980s, insurers and bankers feuded over directors and officers' liability policies. At issue: whether D&O policies covered claims brought by the Federal Deposit Insurance Corporation against a failed bank's officers.

The Supreme Court has decided to hear a fair housing case that could upend a legal theory that the Department of Justice, banking regulators and private attorneys use to show mortgage lenders have discriminated against minority borrowers.

The risk of employment and income-related mortgage fraud rose nearly 9% in the third quarter compared to a year ago, and is up almost 50% from 2009, according to a new report from Interthinx.

The freeze on confirming picks to the Federal Deposit Insurance Corp.'s board appears to be melting.

A group of House Democrats is pressuring Senate Minority Leader Mitch McConnell to allow a vote on the confirmation of a director for the Consumer Financial Protection Bureau.

Mortgage bankers soon will able to originate Federal Housing Administration loans of up to $729,750 in high cost areas thanks to Congress, which passed a "minibus" appropriations bill Thursday night.