Compliance

Originators can't divide annual income by 12 to see if the borrower qualifies for a loan.

Mortgage firms are in fight or flight mode as they plan either to comply to an avalanche of new regs or be acquired by other companies.

The company is putting mortgages in the “rearview mirror,” according to its top executive.

Federal agencies are pursing some of the largest U.S. lenders for claims tied to faulty underwriting and bias on home loans.

Blackstone’s Invitation Homes borrowed more through the deal relative to the value of the houses serving as collateral for the bonds than recent residential-mortgage securities.

The directive bars banks that do business with Fannie and Freddie from receiving commissions from insurers, but still lets insurers provide services for free or at a reduced cost.

Mortgage fees charged without proper disclosures were among concerns whistleblower Scott Norris raised to little effect, he alleges.

The Senate Banking Committee dug into the details Tuesday of how to ensure that community banks retain access to a reformed housing finance system as agreement over a broad approach began to emerge.

MortgageIT will pay HUD $12 million for unfairly denying and overcharging loans against African American and Hispanic borrowers.

Community bankers are trying to make sure they have a place at the table as legislators decide lender access to the secondary market where they play a bigger role than most believe to be the case.

The recommendation that David Stern be disbarred follows a 17-count complaint filed by the state bar.

$500 billion to $1 trillion of loans will mature over the next few years that can be refinanced. But what roadblocks could stop a transaction from being completed?

The federal government’s role in mortgage finance must be addressed to determine if there’s a better way to originate, package and deliver loans to investors and attract new private capital into the marketplace, says Alan Bahr.

A Department of Justice investigation net thrown to catch bid rigging and fraud at public real estate foreclosure auctions in California has brought in a big catch to date.

The Netherlands’ planned sales of the bonds over the coming year could have consequences for the U.S. private-label mortgage-backed securities market.

Some policies only allow a one-year window to challenge claims decisions after an event has occurred.

Recent improvements in lending technology are having a strong impact on loss mitigation practices for lenders.

The industry is uncertain how regulators will enforce the new rules. Most lenders are shying away from non-QM lending for now. And if credit is tightened, what will the effect be on the economy?

Lenders may think they know enough about the dangers QM can bring. But there are other parts of the rule they are not focusing on yet that they should be concerned about.