Compliance

Debt on Willis Tower, formerly the tallest U.S. building, was put in special servicing after the borrower requested a loan modification, Fitch Ratings said.

McGraw Hill Financial Inc.'s Standard & Poor's unit must go to state court to face claims by 18 states and the District of Columbia alleging inflated ratings of securities in the run-up to the 2008 financial crisis.

National home price appreciation slowed for the fifth straight month in May, continuing a trend that's expected to continue into the summer selling season.

The Senate Banking Committee approved a bill Tuesday to reauthorize the Terrorism Risk Insurance Act for seven years.

The Supreme Court agreed last month to resolve a stark divide in the United State Courts of Appeals regarding the time bar for residential mortgage borrowers to file suits related to mortgage loan rescissions under the Truth in Lending Act.

Further lender-placed insurance reform is part of new Federal Housing Finance Agency Director Mel Watt's strategic plan, likely shifting the balance between business and borrower interests back toward consumers.

Wells Fargo has stopped offering most customers the interest-only version of its home-equity line of credit.

Fannie Mae and Freddie Mac were sued by Massachusetts for allegedly failing to comply with a state law that lets nonprofit organizations buy foreclosed homes to sell them back to their former homeowners.

NBT Bancorp in Norwich, N.Y., has prepaid about $165 million in long-term borrowings from the Federal Home Loan Bank.

More than 40% of the 2 million recently modified mortgages facing interest-rate resets are underwater, according to Black Knight Financial Services data.

Lenders are doing a much better job closing the loan applications they are getting, and they are doing so in a shorter period of time. Tight credit has not increased the risk that a loan will fail to close.

Now that Congress has rolled back steep increases in flood insurance premiums, lawmakers and housing interests are on the Federal Emergency Management Agency's case to avoid another bungle.

The City of Los Angeles accused JPMorgan Chase of targeting minority borrowers with predatory loans in a lawsuit filed two days after Wells Fargo lost a court bid to dismiss a similar case.

As regulations reshape the reverse mortgage, lenders hope to end up with a safer, more reputable product. Meantime, the changes are turning the economics of this business on its head.

The city of Providence, R.I., has sued Santander Bank alleging that bank violated the Fair Housing Act by refusing to make prime mortgage loans available in minority communities.

The head of a California mortgage lender who perpetrated a $5.3 million mortgage fraud scheme against Ally Financial will serve more than four years in prison.

Much has been made of how Basel III requirements have dulled banks' appetite for mortgage servicing rights, but a handful of institutions are buying within regulatory limits.

The Consumer Financial Protection Bureau last week quietly issued over $70 million in fines to entities which have been through private settlements without specifying why. Here are some likely causes.

The congressional stalemate over how to restructure the housing finance system leaves several questions unanswered about other bank regulations currently in the pipeline.

ReverseVision has launched an online education platform aimed at teaching lending professionals about reverse mortgages.