Compliance

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.

The Federal Housing Administration reported that loan applications fell nearly 50% in June from the prior month.

The 69-year-old home loan program run by the Department of Veterans Affairs is on track to have its best year ever.

We're hearing that the declining liquidity of Freddie Mac mortgage-backed securities is raising concerns in Washington and on Wall Street.

Between April 5, 2006 and Feb. 26, 2007, the government presented evidence that the defendant committed 30 fraudulent sales transactions.

Loan servicing systems may not make julienne fries but they can bring profitability to mortgage bankers and depositories that make the switch from selling whole loans to retained servicing.

CUNA Mutual Group filed five different civil fraud suits in federal court against major Wall Street banks seeking to force the banks to buy back $285 million worth of residential mortgage-backed securities gone bust.

Anchor BanCorp reported a large quarterly loss just days after announcing a plan to file for bankruptcy and recapitalize itself.

The Federal Housing Administration has issued guidance for its new “Back to Work” program that could open the door for borrowers who lost their jobs and their homes during the recession to qualify for a FHA-insured mortgage.

New large mortgage servicing rights transfers expected to be completed in the last half of 2013 indicate banks will continue to offload defaulted, high-risk loans into the hands of nonbanks.