Compliance & Regulation

Although the chances are slim, the conforming loan limit in a few high-cost housing markets could rise on January 1.

The Consumer Financial Protection Bureau on Monday pledged to provide targets of enforcement actions with advance notice of potential violations of consumer protection laws.

The Obama administration seized on a rare case of bipartisan consensus Thursday — the need for strong consumer protections for members of the military — to pressure Senate Republicans to confirm Richard Cordray as director of the Consumer Financial Protection Bureau.

Worried that the latest federal efforts to ease foreclosures will fall short, some bankers and community advocates want Washington to offer even more ways to keep borrowers in their homes.

American Securitization Forum Executive Director Tom Deutsch testified Thursday before the capital markets subcommittee of the House Financial Services Committee.

On Oct. 26, charges were expanded against four people accused of making illegal real estate deals that netted more than $11 million, and two defendants have been added to the amended complaint, according to the Fresno County District Attorney's Office.

Democratic Rep. Elijah Cummings is looking for evidence of potential improprieties at a controversial New York law firm that represents banks in foreclosure cases.

Residential servicers completed nearly 40,150 HAMP modifications in September, a 60% improvement from August, according to figures released by the U.S. Treasury Department.

U.S. District Court for the Central District of California Thursday dismissed a civil claim filed against Lender Processing Services by the Federal Deposit Insurance Corp., which accused the mortgage vendor of gross negligence in appraisals conducted for the now defunct Washington Mutual, Seattle.

A proposal from the Financial Crimes Enforcement Network would require Fannie Mae and Freddie Mac to develop their own anti-money laundering programs as part of an ongoing effort to combat mortgage fraud.