Compliance

Although the case ostensibly turns on whether loan officers should be paid for overtime, the high court is focused on whether government agencies have the right to substantially change regulations without seeking public comment.

The U.S. attorney's office for the Middle District of Pennsylvania indicted Susan Kevra-Shiner with seven counts of mail fraud relating to a title company she owned known as GK Abstract Co.

Officials want to remove the risk that questions about a dealer’s liquidity could lead to wholesale dumping of assets. Treasuries and mortgage securities represent about 85% of daily repo transactions

Fannie Mae and Freddie Mac will sell large amounts of their credit risk in the U.S. residential mortgage sector.

Independent originators could be shut out from offering this product as there is no secondary market.

Student loan debt has simultaneously reduced younger consumers' ability to get a mortgage and burdened their older family members, a TransUnion study shows.

Wells Fargo will pay up to $5 million to resolve allegations it discriminated against mothers on maternity leave, the largest settlement of such claims ever reached by the Department of Housing and Urban Development.

Real Estate Settlement Procedures Act-Truth in Lending Act reform effective next summer requires significant operational changes, but if lenders prepare now, it shouldn’t be as scary as a zombie apocalypse.

In another sign of strong demand by investors for nonperforming residential mortgages, the asset class is edging closer to more rated, public securitizations — a rarity in this largely opaque market.

Fitch Ratings issued an industrywide report Tuesday on U.S.-based commercial mortgage-backed securities. The report highlights positive signs of progress but also says the sector has, "room for improvement."

New York-based real estate investment trust Apollo Commercial Real Estate Finance has completed $190 million in investments that include the recent acquisition of a minority ownership in KBC Bank Deutschland AG.

The Mortgage Bankers Association continues to push back against regulations stemming from the financial crisis, as the industry's biggest lobbying group continues pushing for regulatory relief to bolster the housing market — and boost profits for its members.

The California Housing Finance Agency is offering an additional $6,500 in down payment assistance to first-time homebuyers who qualify for its CalPLUS Conventional program.

Starwood Waypoint Residential Trust announced on Monday a $150 million private offering of convertible senior notes due 2017.

Springleaf Holdings has sold $1 billion in securitized real estate loans as part of a previously announced mortgage liquidation plan.

B of A mortgage strategists are concerned these underserved borrowers will keep housing market activity at "anemic levels."

MountainView Management Co. plans to buy nonprime mortgages made to borrowers with credit scores in the mid to low-600s, maximum 80% loan-to-value ratios and balances as high as $2.5 million.

Regulators recently offered a rare behind-the-scenes glimpse of what areas they are targeting for enforcement, saying that potential fair lending violations like redlining and how mortgages are priced and serviced remain top priorities for the future.

The lesson in a recent consent order is clear — an MSA cannot shield or rehabilitate an otherwise impermissible arrangement.

Federal Home Loans Banks officials and others want more time to evaluate and comment on a Federal Housing Finance Agency proposal to restrict FHLB membership.