Compliance

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.

A third financial institution has come to an agreement with Freddie Mac to resolve claims that it issued problematic loans to the government-sponsored enterprise between 2000 and 2008.

Fannie Mae and Freddie Mac don’t require lenders to produce a 4506-T form that has been processed by the Internal Revenue Service before closing a loan.

During the recent housing recovery the industry focus switched on operational efficiency and loss mitigation cost management.

Detroit’s struggles during the latest financial crisis and housing meltdown has been an ongoing issue for a long time.

Wells Fargo agreed to an $869 million settlement with Freddie Mac to resolve disputes over faulty loans sold to the government-backed firm before Jan. 1, 2009.

The African-American community lost more than half its net worth as a result of the housing debacle and the ensuing economic crisis.

With a government shutdown looming, it appears the mortgage industry will be mildly inconvenienced as most government mortgage programs will remain open.

The attorney general said these agreements are one more step in the continuing fight to protect New Yorkers from a range of unfair financial schemes—from predatory loans to illegal foreclosures.

Blackstone Group’s Steve Schwarzman said his decision 19 years ago to sell what would become the world’s largest money manager was a “heroic” mistake.

Analysts are warning investors about the impact of different servicing strategies on the cash flow generated by mortgage servicing rights on securitized delinquent loans.