Compliance

Federal Reserve Board Gov. Jerome Powell said the agency is planning to launch a new supervision program for community banks next year.

Essent Group added Wells Fargo., its largest customer, to the group of underwriters for an initial public offering.

The Federal Home Loan Banks are calling on NCUA to amend its proposed rules on interest rate swaps to allow the 12 regional banks to participate in the fledgling business.

If Congress fails to raise the debt ceiling and the United States government defaults on its obligations, credit markets could freeze, the value of the dollar could plummet and U.S. interest rates could skyrocket.

The Office of the Comptroller of the Currency released its 2013 second-quarter risk analysis for community banks and federal savings associations in the Midwest.

Some of the first mortgage market responses to the government shutdown indicate banks and other customer support agencies were prepared to react fast.

We're hearing from New York where one mortgage banker and two MLOs recently entered into settlement agreements with the Department of Financial Services.

The loan is secured by the borrower’s fee interest in a Midtown Manhattan office building.

Commercial Mortgage Trust had six classes of its ML-CFC pass-through certificate series 2006-3 downgraded by Fitch Ratings, who also removed two classes from rating watch negative.

For banks, the government shutdown is little more than an inconvenience so far. But they will surely feel its impact if it stretches on for days or weeks. Here's what they might expect.

Mortgage REITs plunged 17% since May 14 as government-backed mortgage bonds endured the longest monthly losing streak since 1999.

The longer the government shutdown continues the more disruptive it will be for the mortgage market and borrowers.

As a rule transfers of mortgage servicing rights from one servicer to another do not have a negative impact on mortgage-backed securities ratings, but MSRs still make some insiders nervous.

The CFPB's new rules on originations rank at the top of mortgage lenders' worries these days, but they have plenty more. Scores of home equity lines of credit made during the height of the housing boom are on the verge of resetting. Regulators are demanding that lenders improve oversight of home appraisers. And Fannie and Freddie are cautioning lenders not to sell them anything other than pristine loans. Here are six issues that are keeping mortgage lenders up nights.

Timothy Pawlenty, president and chief executive of the Financial Services Roundtable, predicted that housing finance reform will pass after the 2014 midterm elections.

Shares of Municipal Mortgage and Equity LLC were supposed to have resumed trading by this morning but they did not.

Kroll Bond Rating Agency warned that so-called extraordinary expenses in residential-mortgage-backed securities can be a possible credit risk.

In an effort to provide a broader range of services, CredAbility and ClearPoint Credit Counseling have agreed to merge by Dec. 31.

Lower rates, tougher competition and new regulations are what these lenders are concerned about in the next three months.