Compliance

U.S. attorneys general offices in Georgia and California are examining potential violations tied to Countrywide Financial, the subprime lender Bank of America bought in 2008.

BOK Financial Corp. develops correspondent program to expand its mortgage business nationwide.

HUD's new rules change the underwriting focus to the borrower's credit instead of life expectancy.

FORMFREE specializes in technology that enables lenders to determine whether borrowers can pay back loans in compliance with regulations effective in January 2014.

A bipartisan group of 10 senators also urged the Senate leaders to delay the rate hikes, which will average 10% for policies written or renewed on or after Oct. 1.

Richard Cordray’s comments appeared directed at bankers who have complained in recent months that vendor delays could interfere with their ability to comply with QM rules set to go into effect in January.

FHFA Acting Director Ed DeMarco has been vague about why the regulator rejected Fannie’s force-placed proposal, a decision that has drawn sharp criticism from consumer advocates.

The record settlement has significant implications for the financial industry, but they may not be what casual observers expect.

The former chairman of the Mortgage Bankers Association will handle industry strategy for the risk management company.

Bonnie Kreamer admitted to arranging various real estate transactions for her own profit.

Dexia filed the suit in January 2012 over 29 residential mortgage-backed securities bought by its unit FSA Asset Management from Morgan Stanley for $626 million in 2006 and 2007.

RHS is slowly re-opening its single-family loan program that was closed during the government shutdown.

Investors' appetite for home loan guarantors is climbing as the U.S. property market rebounds at the fastest pace in seven years and the government retreats from backing mortgages.

Home Loan Servicing Solutions attributes a nearly 50% increase in the unpaid principal balance of its mortgage loan portfolio to completing the acquisition of Ocwen assets on July 1.

TDB is adding staff at a time when competitors are reducing their size.

Industry concerns about the proposed QM definition are now being bolstered by empirical evidence that confirms what many in the industry have suspected all along.

In finalizing the qualified mortgage rule, the CFPB carved out a special exemption for loans originated for state housing finance agencies.

The Atlanta-based company plans to cut 800 positions nationwide in response to diminished mortgage refinancing activity and overall market conditions.

Long-term rate-indicators dipped lower at the outset Thursday as a federal budget impasse that had put upward pressure on rates ended.