Compliance

Bank of America Corp. Chief Executive Officer Brian T. Moynihan, who was named chairman this month, said legal costs stemming from defective mortgages are largely behind it.

The Federal Reserve said it sees further improvement in the labor market while confirming it will end an asset-purchase program that has added $1.66 trillion to its balance sheet.

Mortgage executives who have long decried new regulations as excessive are increasingly becoming resigned to the fact that changes are here to stay.

Housing policy needs to be refocused on strengthening household balance sheets, especially by making borrowers more resilient to home price declines. A new 15-year fixed-rate mortgage that allows borrowers to use the down payment to buy down the interest rate on the loan is designed to do just that.

Well Fargo has pledged to offer $5.2 million to homebuyers who will qualify for its Cincinnati NeighborhoodLIFT program.

Federal and state laws, including the Gramm-Leach-Bliley Act, require title companies to develop a written information security program that describes the procedures they employ to protect non-public personal information.

Private insurers are considering a request by U.S. officials to guarantee mortgages for veterans — the fastest growing part of the market.

WASHINGTON — Federal Deposit Insurance Corp. Chairman Martin Gruenberg said Monday that federal regulators are keeping a close eye on the nonbank financial sector and how it is affecting banks.

A final piece of Bank of America Corp.'s record $16.7 billion toxic-mortgage settlement is being held up by an internal fight at the Securities and Exchange Commission, said four people familiar with the case.

Making the GSEs out to be the villains of the mortgage crisis is an easy sell to a fearful and angry public, but doesn’t make it true. Partly due to this mindset, housing markets remain held hostage.

A lender which paid millions in connection with a Consumer Financial Protection Bureau consent decree has been sued civilly in a class action pertaining to the same activity.

A slow and uncertain housing recovery continues, according to a report by Freddie Mac.

Regulators issued a proposal on Friday that would require banks to escrow premiums and fees for flood insurance on mortgages made or refinanced after Jan. 1, 2016.

Most of the securitized single-family market is currently exempt, but only a tiny part of the commercial equivalent is. However, nonexempt commercial will get more expensive to issue, and the single-family exemption could change.

Mortgage lenders will have 210 days to fix errors in their calculations of points and fees and reimburse borrowers for any overages under a final rule issued by the Consumer Financial Protection Bureau.

The Federal Reserve Board and Securities and Exchange Commission on Wednesday both signed off on an interagency rule requiring securitizers to hold 5% of the credit risk on loans sold to investors.

The nation's largest mortgage lender is the first to say it will distribute the new Closing Disclosure to consumers, but other lenders, especially smaller ones, may not follow along.

New York banking regulator Benjamin Lawsky's latest crackdown on Ocwen Financial may undo Ocwen's deal to buy billions of dollars of mortgage-servicing rights from Wells Fargo, and it could complicate similar deals involving other banks and servicers.

A significant number of millennials aspire to become homeowners within the next five years, according to a recent survey, despite income and student debt burdens.

Compliance costs are a wild card that is hurting profits.