Compliance

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.

The Federal Housing Administration's new foreclosure relief options for nonborrowing spouses of reverse mortgage customers will increase loan servicers' costs, and some question how many consumers they will actually help.

President Obama's 2016 budget plan tackled a host of big picture items for mortgages, including Dodd-Frank reform, FHA lending and GSE reform.

The widespread return of the subprime mortgage business will be the big event for the mortgage industry in 2015.

Many ask whether there is any such thing as a “safe” marketing services agreement for mortgages. The answer, unequivocally, is yes.

McGraw Hill Financial Inc., the U.S. Justice Department and state attorneys general will announce a $1.4 billion settlement Tuesday over claims that Standard & Poor's inflated ratings on subprime mortgage bonds leading up to the 2008 financial crisis, according to two people with knowledge of the deal.

The Federal Housing Finance Agency will require nonbank mortgage firms to meet minimum liquidity and net worth standards to curb risks to taxpayers from the rapidly expanding industry.

The California Department of Business Oversight is accepting applications until Feb. 20 from firms or individuals with experience with the California Residential Mortgage Lending Act and California Homeowner Bill of Rights.

Two Republican legislators have suggested that affordable housing funding should be put on hold until Congress finally decides what to do about Fannie and Freddie. But why give Congress another six years to fiddle around with housing finance while the poor and homeless face a declining level of government housing assistance?

In yet another revision of its mortgage rules, the Consumer Financial Protection Bureau proposed making it easier for small and rural lenders to make "qualified mortgages." Industry representatives said the changes are poised to make a big difference.

The Federal Housing Administration will make foreclosure protections available to a larger number of surviving spouses of deceased reverse mortgage borrowers.