Compliance

With less than three weeks to go before new financial assessments for reverse mortgages became mandatory, the Federal Housing Administration announced Thursday that it will delay their effective date due to technical issues.

Amid a growing investor appetite for risk, efforts to standardize private-label securities are key to helping ensure the market's healthy return.

WASHINGTON — The Consumer Financial Protection Bureau took action Thursday against three mortgage companies that, authorities say, falsely implied affiliation with the U.S. government.

Sporting a black eye he got while playing basketball, CFPB Director Richard Cordray opened up to credit union executives about another dust-up — the decision to ease qualified mortgage restrictions for small and rural lenders.

The Qualified Mortgage rule, as well as increased scrutiny and more frequent auditing by regulatory agencies, has required lenders to embrace quality control to a far greater degree.

NewDay Financial has agreed to a $2 million fine after the Consumer Financial Protection Bureau alleged that the mortgage lender engaged in an improper kickback scheme and used deceptive marketing tactics targeted at veterans.

The Arizona Department of Real Estate has disciplined a number of Tucson real estate agents for trust account irregularities and audit violations, and others for unlicensed real estate activity.

Former Congressman Barney Frank, co-author of the Dodd-Frank Wall Street Reform Act, is not opposed to changes in the eponymous legislation, but in some cases he thinks the rules should be tightened, rather than loosened.

Black and Hispanic Americans are twice as likely as white Americans to be denied a mortgage, according to a new report.

The Consumer Financial Protection Bureau is raising concerns about the transparency and clarity of reverse mortgages based on more than a thousand complaints it received about the product.

The Consumer Financial Protection Bureau is raising concerns about the transparency and clarity of reverse mortgages based on more than a thousand complaints it received about the product.

Mortgage fraud risk declined in the third quarter even as property valuation fraud risk increased, according to Interthinx.

When charging fees to borrowers with weaker credit histories, lenders should take great care to describe everything correctly and ensure such fees are not excessive.

It's a mortgage on top of a mortgage, and at least one lender is making these loans again through brokers.

New disclosure rules from the Consumer Financial Protection Bureau don't go into effect until this summer, but lenders are already worried about compliance and fearing it may make the closing process far more difficult.

One of the first housing-related items on the budget is continued support for industry regulation, in general, and the CFPB, in particular.

The Fair Housing Justice Center has filed a federal lawsuit accusing M&T Bank of discrimination in mortgage lending practices on the basis of race and national origin.

The expiration of the federal Protecting Tenants at Foreclosure Act leaves servicers dealing with a patchwork of state laws and investor rules, while renters living in REO properties are at a greater risk of eviction.

In an interview, FHFA Director Mel Watt said there needs to be greater clarity to ensure some entities aren't taking improper advantage of Federal Home Loan Bank membership.

The outcome of Bruce Berkowitz's tussle with the U.S. government over the profits from Fannie Mae and Freddie Mac may depend on two women: federal claims court Judge Margaret Sweeney and Sen. Elizabeth Warren.