Compliance

Senate Banking Committee Chairman Richard Shelby, R-Ala., is seeking input from the Government Accountability Office and the Congressional Budget Office on the future of policies dealing with Fannie Mae and Freddie Mac.

Borrowers of "forward" Federal Housing Administration mortgages are unfairly being expected to backstop the disparate mission and risks of the Home Equity Conversion Mortgage program.

The National Association of Realtors is teaming up with a coalition of environmental groups, taxpayer advocates and insurance companies to push Congress on flood insurance reforms.

Lawyers for investors in Fannie Mae and Freddie Mac asked a federal appeals court to at least revive their claims that the U.S. stripped the companies of billions of dollars of profits, depriving shareholders of dividends, if not to go further and rule the transfer of profits to the government was unlawful.

Freedom Mortgage has agreed to pay $113 million to settle government allegations that it failed to comply with Federal Housing Administration requirements for originating and servicing FHA-insured loans.

The Department of Housing and Urban Development is continuing to reject calls to slash the annual premium for the Federal Housing Administration despite a renewed push by the National Association of Realtors. But some predict the FHA may eventually cave in.

Offering counseling to prospective homebuyers as part of Fannie Mae and Freddie Mac's duty to serve requirements could play a crucial role in helping lenders and nonprofits safely increase access to credit for underserved markets.

Even while FHFA finally embarked on a principal reduction plan, critics argued it was a dangerous idea that made Fannie Mae and Freddie Mac less safe while helping relatively few people.

The U.S. government's 2012 decision to take all the profits from Fannie Mae and Freddie Mac will get a federal appellate review Friday when investors argue the appropriation was illegal.

Kroll Bond Rating Agency added its voice to the chorus of credit rating agencies downplaying the risks of mortgages that fail to comply with new consumer disclosure rules.