Compliance

The Rural Housing Service should merge with the Federal Housing Administration to save money and improve service, the head of the Government Accountability Office testified Tuesday.

Lost in the debate so far over Shelby's regulatory relief bill are the significant changes it makes to the housing finance system. It essentially takes consensus elements from multiple past stabs at reform, leaving out the most controversial parts and making future reform far easier.

Calling his state's foreclosure process "badly broken and in need of change," New York banking regulator Benjamin Lawsky wants new policies enacted to fast-track vacant property foreclosures and reform the state's mandatory foreclosure mediation requirements.

Consent orders with Sprint and Verizon demonstrate the extent that the Consumer Financial Protection Bureau expects businesses — including lenders — to affirmatively protect consumers from harm in any way related to the business transacted between them.

U.S. Bank and Bank of America won't have to face lawsuits claiming they failed to safeguard the interests of investors as required by their contracts.

The regulatory relief package coming before the Senate Banking Committee Thursday would force the Federal Housing Finance Agency to withdraw the contentious proposal within 30 days.

Nomura Holdings Inc. and Royal Bank of Scotland Group should pay $806 million in damages to government-owned mortgage companies over misleading securities pitches, a federal housing agency told a judge.

The owner of an Ohio-based loan administrator, accused by the Consumer Financial Protection Bureau of deceptive marketing, says he is the victim of a misguided lawsuit by the agency.

The Federal Housing Finance Agency provided more details Friday about key features for the new single security that will be issued by Fannie Mae and Freddie Mac.

Lenders are heading into the MBA's Secondary Market Conference with stronger origination volumes and secondary market relationships than last year. But how long will these volumes last and how can the industry make the most of them?

Long before regulators put the spotlight on servicing-rights transfers, there were signs that many deals weren't going smoothly, leaving both borrowers and investors at risk.

Before Dodd-Frank, proving risk management precautions were in place was enough; now, the only real defense lenders and servicers have is an audit trail showing how violations were avoided.

The CFPB's powers to initiate enforcement actions are nearly boundless.

WASHINGTON — A new mortgage disclosure regime due to take effect on Aug. 1 is unlikely to cause closing delays, according to Consumer Financial Protection Bureau Director Richard Cordray.

WASHINGTON — The Consumer Financial Protection Bureau filed a lawsuit on Monday against an Ohio-based loan administrator and its owner for allegedly deceptively marketing services that claimed to save consumers money on their mortgage while any actual savings was offset by high fees.

In response to the guidance offered by one of our commenters recently, Freddie Mac sets the record straight about their review process.

Nomura Holdings Inc. and Royal Bank of Scotland Group Plc engaged in "enormous" deception in selling defective mortgage-backed securities, a judge ruled following a trial over a trigger to the 2008 financial crisis.

The Consumer Financial Protection Bureau and the Department of Justice are taking a renewed interest in redlining, the practice of lenders charging more for products or excluding altogether minorities within certain geographic areas — and their findings may be surprising.

Investor-owned ratings agencies would send a message to mutual fund shareholders, retirement plan participants and other investors that steps have been taken to avoid repeating the inaccurate ratings that contributed so heavily to the financial crisis.

Wholesale lenders and their brokers are finding preparing for the new mortgage disclosures that take effect in August especially tricky.