Compliance

The number of mortgage originations dropped 31% to 6 million in 2014 due largely to a decline in refinancing as interest rates increased, according to a report issued Tuesday by the Federal Financial Institutions Examination Council.

A former court clerk in Illinois has been indicted for accepting a cash bribe, in exchange for creating a forged deed on a home.

Despite pledges last year to move “aggressively” to implement new credit scoring models at the government-sponsored enterprises, the Federal Housing Finance Agency’s effort appears to have stalled.

Banks that want more explicit regulatory guidance on rules requiring managers to keep "skin in the game" with deals for collateralized loan obligations may be forced to keep waiting.

Lenders and vendors found no bad surprises in the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosure exam guidance, but it didn't clarify much industry confusion either.

Wells Fargo is raising minimum credit score requirements on Federal Housing Administration loans, part of the ongoing jockeying by large banks to limit lawsuits by the Justice Department for defective FHA loans.

WASHINGTON — A bipartisan group of senators reintroduced a bill Wednesday that would prohibit lawmakers from using certain housing finance fees to offset unrelated government spending.

There is no universal definition of "TRID-ready," but any vendor claiming it's prepared for the new integrated disclosures should allow lenders to test the changes. Here's what to look for, and the red flags that should be cause for concern.

The window for moving financial services regulatory relief through Congress is rapidly closing, but there appears to be little hope that the partisan tensions that have stalled the process will ease in time.

A report to examine the conditions surrounding last year’s unrest in Ferguson, Mo., is calling for officials to strengthen poor minority communities’ access to banking services and restrict the prevalence of predatory lending to reduce crime and poverty.