Compliance

Recent regulatory settlements have made it abundantly clear that medical records are off-limits to lenders trying to verify the incomes of mortgage applicants on long-term disability.

Doral Financial in San Juan, Puerto Rico, continues to shed assets.

Deutsche Bank officials have received the go-ahead to finance U.S. home lenders, something it has not done since the financial crisis. The bank's plan is to finance a small, but potentially much larger, mortgage segment that falls outside government standards.

Fannie Mae and Freddie Mac investors are turning their focus to an appeal and multiple pending lawsuits after a federal judge rejected their bid for a share of the companies' profits.

Ben Bernanke said the mortgage market is still so tight that he's having a hard time refinancing his own home loan.

The Supreme Court said Thursday it would hear a case related to the use of "disparate impact" theory to pursue entities for unintentional discrimination, a move that could have significant ramifications for banks.

The Federal Reserve must take steps to improve handling of complex settlements like the one reached with mortgage servicers over improper foreclosures, an internal watchdog said in a report.

It might be time for the industry to consider a "less is more" view when it comes to offering consumers mortgage product options.

EverBank failed to properly determine mortgagor eligibility for the Federal Housing Administration's preforeclosure sale program, according to an audit report released by the inspector general for HUD.

The collapse of securities tied to Fannie Mae and Freddie Mac punished some of Wall Street's best known money managers, with star investor Bruce Berkowitz's main mutual fund losing about $600 million.

Community banks, by and large, appear well-prepared for capital standards that Basel II will phase in beginning in January. Still, concerns remain on how the requirements will shape cost structures and consolidation at smaller institutions.

A lawsuit filed by low-income housing advocates designed to force the Federal Housing Finance Agency to provide money to a housing trust fund has been blocked by a U.S. district court judge.

Lenders desperately want to make potentially lucrative home loans to those with less-than-stellar credit, but only a few are willing to try given legal uncertainties. Here's how a few are designing their products to get a jump on the competition.

AllRegs has begun publishing FHA single-family policies on its publishing platform.

Fannie Mae and Freddie Mac plunged in early trading after investors including Bruce Berkowitz's Fairholme Capital Management LLC lost a legal bid yesterday to force the bailed-out companies to share profits with private shareholders.

JPMorgan Chase lost a bid to block buyers of $10 billion worth of residential mortgage-backed securities it packaged in 2007 to proceed as a group with their lawsuit alleging the bank misled them.

The rapidly changing environment in the mortgage industry requires executives to have a more comprehensive vision for executing effective change management strategies.

The risk of property valuation fraud may be on the rise, according to a report released Tuesday by Interthinx.

WASHINGTON — Loans for manufactured homes typically come with higher interest rates and fewer consumer protections than more conventional mortgages, the Consumer Financial Protection Bureau said Tuesday.

The nation's largest mortgage originator approved the de novo company for its correspondents and that led to a big increase in third quarter business.