Compliance

Higher home prices that are currently soaring in many parts of Florida have increased affordable housing demand pressing developers to take advantage of available resources.

Kansas City Federal Reserve Bank president Esther George called for tapering the Fed’s $85 billion in monthly bond buying at its Sept. 17-18 meeting while cautioning that such reductions may prompt market volatility.

Iberiabank said that it will acquire six branches from Synovus, along with $131 million in loans and $205 million in deposits.

Today, the five-year anniversary of the seizure of Fannie Mae and Freddie Mac, seems like a good time to assess the Dodd-Frank Act.

Bank of America can't be sued by unified groups of homeowners in different states over its failure to modify mortgages.

Mortgage lender Quicken Loans is “betting big” on the city by entering into a multiyear partnership with the Detroit Lions football team.

Performance expectations for peak vintage mortgage loans securitized between 2005 and 2008 are mixed as losses may range from a low of 2.1% to a high of 25.5%.

Federal Reserve Bank of Chicago President Charles Evans said the Fed shouldn’t taper its $85 billion in monthly bond buying until inflation and economic growth pick up.

U.S. regulators will ratchet up enforcement penalties if banks keep making compliance mistakes that have cost them more than $100 billion in legal bills in recent years.

The Department of Housing and Urban Development has redesigned its reverse mortgage program to reduce losses and ensure seniors keep some of their home equity in reserve.

A legal safe harbor designed to protect lenders that make qualified mortgage loans from consumer lawsuits is likely to expose institutions to potentially even greater liability.

New York State's chief banking regulator is tightening the screws on banks that lend to landlords, increasing the requirements for Community Reinvestment Act credit.

The North Las Vegas City Council unanimously rejected a plan to use eminent domain to seize underwater mortgages.

Financial institutions are on the lookout and preparing to fight new mortgage repurchase demands from the government-sponsored enterprises now reviewing files from as far back as 2002.

Four people in Wichita, Kan., have pleaded guilty to participating in a mortgage fraud that cost lenders more than $221,000.

Two industry groups are urging a congressional watchdog agency to review the Consumer Financial Protection Bureau’s consumer complaint database for possible privacy issues.

Fannie Mae is starting to prepare investors for the first transaction in which the firm would share the risk of homeowner defaults with bond buyers.

NCUA has filed almost $10 billion of claims against the biggest Wall Street banks for the sale of faulty mortgage-backed securities to five failed corporate credit unions.

Nearly half of the borrowers participating in an online National Foundation for Credit Counseling survey would rather talk to a qualified professional when facing financial distress.

At one-tenth of a percentage point the seemingly small quarterly decline in the delinquency rate of loans held in commercial mortgage-backed securities during the second quarter of 2013 is the largest on record.