Compliance & Regulation

The Federal Housing Finance Agency has the expertise to set servicing, underwriting, and mortgage securitization standards that could lead to the development of a private-label MBS market, according to the GSE regulator.

Efforts to reinstate the $729,750 maximum loan limit for Fannie Mae, Freddie Mac and FHA loans has garnered the support of 137 House members, including 25 Republicans.

It may have been Raj Date's first time testifying before Congress as the interim head of the Consumer Financial Protection Bureau, but Republicans did not let him off easy.

FirstPlus Financial Group Inc., a publicly traded mortgage company in Beaumont, Texas, was illegally taken over through extortion by thirteen individuals, two of whom are linked to the Lucchese organized crime family, according to an indictment filed by the U.S. Department of Justice.

Nearly two-thirds – or 60% – of European CMBS maturing loans could fail to repay by the end of 2012, according to Standard & Poor's.

The New York Supreme Court late Monday denied Countrywide and Bank of America's motion to consolidate various claims against them made by four bond insurers led by MBIA Insurance Corp.

Moody's Investors Service has extended the review period for a possible downgrade of $871 million of outstanding bonds sold by the Idaho Housing and Finance Association while the issuer works on a plan to shore up its balance sheet.

CoreLogic is now offering financial and government institutions a tool that provides them information in order to combat mortgage fraud.

The U.S. Department of Justice Tuesday sued Allied Home Mortgage Capital Corp. and two executives — including founder Jim Hodge — accusing them of fraudulent lending practices tied to hundreds of millions of dollars in government-backed loans.

The Conference of State Bank Supervisors Tuesday promoted Bill Matthews to executive vice president of the group, which represents state banking regulators throughout the U.S.