Compliance

The U.S. Government Accountability Office has agreed to a congressional request to investigate the massive data collection efforts at the Consumer Financial Protection Bureau.

Blackstone Group said second-quarter profit more than tripled as holdings rose and its funds realized profits.

Fitch did note that while multifamily starts were down in June, the residential numbers were better.

We're hearing about significant changes to the Idaho Residential Mortgage Practices Act which took place as of July 1.

Despite the recent market turbulence Home Loan Servicing Solutions reported net income of $27.9 million for the second quarter and expects to see further growth.

New business practices mandated by regulators in an effort to reform the primary mortgage servicer market appear to have leveled off large versus small bank differences in customer satisfaction.

A Securities and Exchange Commission lawyer found himself sparring with his own witness, a former top Paulson & Co. executive who claimed the agency intimidated and tricked him.

At least $238 million of the more than $575 million that was raised for Sandy relief had not been spent as of April of this year.

Raj Date estimates that nonqualified mortgages make up as much as $1.5 trillion of the $10 trillion home-loan market.

Fay Servicing has developed an employee training program that focuses on borrower management skills and teaches new hires how to foster close relationships with mortgage borrowers.

Travis Armstrong has high credit score, but because he owes more than his home is worth and has a private-label loan, he’s stuck paying 7.5% interest.

Flagstar Bancorp plans to shift the focus of its mortgage servicing business to performing servicing assets and outsource its noncore default servicing business.

Rising home prices, fewer delinquencies and a dearth of claims by large bank lenders are helping improve the financial health of the Federal Housing Administration.

Standard &Poor's said statements about the integrity of its ratings are "puffery" that cannot be a basis for the fraud lawsuit.

Sergio Benitez, a real estate developer of affordable housing projects for the New York City Department of Housing Preservation and Development, was sentenced to a 22-month prison term for wire fraud.

Regulators have begun a push to significantly limit, and in some cases completely eliminate, the use of automated valuation tools in property valuation efforts.

Freddie Mac plans to sell $400 million of a new type of debt tied to the risk that homeowners will fail to repay mortgages.

So far this year, 619,263 homeowners who are at-risk of foreclosure have been assisted through the platform, which represents a 51% increase over the same time period a year ago.

At issue is whether NCUA waited too long to satisfy the three-year federal statute of limitations on civil claims of securities violations for sales that occurred as long as six and seven years before the suits were filed.

Higher fees charged by Fannie Mae and Freddie Mac to bring private capital back in the mortgage market might actually backfire by reducing borrower demand for home loans.