Compliance

JPMorgan Chase has paid off $3.56 billion of the $4 billion it owes in consumer relief credit as part of a 2013 settlement over marred mortgage-backed securities issued before the crisis.

A handful of moderate Democrats are supporting a controversial bill to restructure the Consumer Financial Protection Bureau, and are expected to help the House Financial Services Committee approve the legislation.

If the Consumer Financial Protection Bureau provides lenders with a hold harmless period, it must also include protections to keep lenders from facing future lawsuits related to TILA-RESPA Integrated Disclosures compliance.

Community bankers merit more regulatory relief, particularly those that hold mortgage originations. That was a key message from James Bullard, St. Louis Fed President, during a community banking conference in St. Louis hosted by the Federal Reserve Board and the Conference of State Bank Supervisors.

The Federal Reserve Board has approved the merger of M&T Bank and Hudson City Bancorp after more than three years of delay. The approval came on the day the regulator had set as a deadline to announce its verdict on the deal.

WASHINGTON — The Consumer Financial Protection Bureau is working with other regulators on examiner guidance to help ensure that the agencies enforce new mortgage disclosures in a "corrective" manner, not a "punitive" one, Director Richard Cordray said Tuesday.

A bipartisan group of housing experts is seeking to inject more discussion about the mortgage market into presidential campaigns.

The key to housing finance reform is a new securitization model that allows the private sector to price and absorb the majority of housing credit risk.

The most recent outcry came from four housing groups that warned lawmakers last week that the proposal by the Federal Housing Finance Agency "would make harmful changes" to the FHLB membership rules.

It's hard to decide which is more surprising: that the largest U.S. bank has almost abandoned the business of making home loans insured by the Federal Housing Administration, that lots of big banks could be right behind it, or that the FHA might not even need to care.

U.S. Attorney General Benjamin B. Wagner announced Thursday the arrest of three leaders of Shon-Te-East-A, an organization that eliminates practitioners' spiritually cumbersome mortgage debt.

Lenders that allow borrowers to shop for third-party settlement services face new liability, as the Consumer Financial Protection Bureau's integrated mortgage disclosure rules will let borrowers sue over problems with vendor lists.

GOP presidential contender Jeb Bush unveiled a plan to reform the regulatory process, including at agencies like the Consumer Financial Protection Bureau.

Officials signaled that Hudson City Savings Bank's nearly $33 million settlement over redlining charges is only the first in what is likely to be a string of other cases.

Appraisers and appraisal management companies do important, and different, work. Their fees should be listed separately and transparently in the TILA-RESPA integrated disclosures.

Federal officials on Thursday ordered Hudson City Savings Bank to pay more than $27 million to resolve redlining allegations, the largest order of its kind and one that is likely to put larger banks on notice that redlining cases will be aggressively pursued.

The Consumer Financial Protection Bureau's method for detecting disparate impact discrimination can overestimate potential bias, resulting in higher payments for lenders cited by the agency, according to internal CFPB documents.

Benjamin Solomon, Deutsche Bank AG's former global head of securitized-product trading, accused the company in a lawsuit of firing him on frivolous and unjust grounds amid an industry focus on supervisors’ responsibilities.

From due diligence and portfolio analysis to strategies for compliance and raising capital, the rapidly-evolving market for buying and selling distressed mortgage assets has created both challenges and opportunities for investors, servicers and portfolio managers.

The Securities and Exchange Commission has settled with Thomas Lund, the former head of Fannie Mae's single-family lending unit, for $10,000, according to news reports.