Compliance

The National Community Reinvestment Coalition unveiled a new white paper that outlines two alternative proposals for integrating affordable housing into the larger mortgage finance reform debate.

Best practices will have big implications for the industry going forward.

Examiners from the Consumer Financial Protection Bureau discovered that some nonbank servicers don’t have effective compliance management systems to ensure they are following federal consumer protection laws.

Treasury 10-year notes fell on Wednesday after minutes of the Federal Reserve’s July meeting showed policy makers were “broadly comfortable” with a plan to curtail bond purchases.

It is important for borrowers to shop around and find out whether an adjustable or fixed rate mortgage best fits their needs.

Five states top a new LendingTree report that analyzes the financial health of prospective borrowers ranking each state based on a 100-point scale.

As the housing market moves on the path towards recovery, mortgage fraud is a crime of economic opportunity in which scammers are still taking advantage of distressed borrowers.

The default rate for first mortgages was 1.25% in July, up from last month’s low point of 1.23%, while second mortgage defaults “remained flat since last month at its historic low of 0.54%.”

From January 2012 to December 2012, there were 69,277 MLF SARs reported compared to 92,561 throughout the year before.

A poster on the Mortgage Grapevine is asking for what originators and borrowers have experienced using credit repair services.

With new outsourcers appearing every day, it is time to revisit the dos and don’ts of vendor selection and management.

Although the UBS settlement does not create a formal precedent, Fitch expressed that its high costs relative to the outstanding portfolio amount might lead to different provisions at other banks.

CFPB Director Richard Cordray talks about what he sees as the agency's top accomplishments to date and its biggest challenges ahead.

Community bankers are scrambling to update their playbooks to comply with a litany of new mortgage rules.

The rebuilding strategy includes specific assistance guidelines for homeowners that will serve as a model for U.S. communities facing extreme weather devastation and post-disaster recovery challenges.

Applications for adjustable-rate loans now make up 6% of mortgage loan requests, up from 3% at the beginning of the year, though still well below the 32% peak in 2004.

The Consumer Financial Protection Bureau's qualified mortgage rules and the agency's intention to pursue disparate impact claims expose mortgage lenders to enormous regulatory and legal risk.

Fannie Mae and Freddie Mac are ignoring billions of dollars in potential losses on delinquent loans as they take three years to adopt a new accounting system, a government auditor said in a letter made public today.

A lawsuit against JPMorgan Chase by liquidators of two Bear Stearns Cos. hedge funds seeking $1.5 billion over their collapse formally ended after the parties reached a settlement in June.