Compliance & Regulation

The Consumer Financial Protection Bureau is close to completing its redesign of the Good Faith Estimate form that home buyers receive after applying for a mortgage — but some industry groups believe the agency needs to test the disclosures on real loans.

Former Mortgage Bankers Association chief executive John Courson is the new president and CEO of the Home Builders Institute, the workforce development arm of the National Association of Home Builders.

County and state officials are turning up the heat on MERS, as recent lawsuits filed in Florida and Delaware challenge the validity and accuracy of the mortgage industry-controlled loan registry.

The Supreme Court said Monday it will take up a case to decide whether an individual may allege discrimination under the Fair Housing Act based solely on the impact of a policy, rather than the intent.

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.