Compliance

The Financial Stability Oversight Council unanimously voted Tuesday to designate American International Group and GE Capital as systemically important financial institutions.

Volatile interest rates have been pressuring down mortgage REIT portfolio values leading to historically low quarter earnings not likely to improve until 2014.

Global DMS said its valuation management software has been integrated with DataQuick’s collateral validation analytics solution.

GreenPoint Mortgage Funding was sued over about $400 million in losses on mortgage-backed securities by investor trustee U.S. Bancorp.

The Mortgage Bankers Association succeeded in getting a U.S. appeals court to overturn a Department of Labor interpretation that mortgage loan officers are entitled to overtime pay.

Republican members of the House Financial Services Committee expressed concern this morning that the Consumer Financial Protection Bureau is collecting personal purchasing information on tens of millions of Americans in contravention of privacy requirements contained in the Dodd-Frank Act.

A $36 million mortgage fraud scam run by Jack Coppenger in Ohio and Florida has resulted in a 10-year prison sentence.

Fannie Mae and Freddie Mac worked with more than 130,000 borrowers during the first quarter to help troubled borrowers who were at risk of foreclosure not lose their property.

Nevada’s housing markets are recovering at a faster pace than the rest of the country, but still have a long way to go.

The National Low Income Housing Coalition has sued the Federal Housing Finance Agency for failing to fund the National Housing Trust Fund that Congress created in 2008 to finance affordable housing.

The Consumer Financial Protection Bureau is expected to tell Congress it will be carefully protecting individuals’ privacy as it builds a massive database on consumer financial behavior and on home mortgages.

Buried in the Corker-Warner reform bill are two provisions that would give the Federal Home Loan banks an opportunity to play a major role in the new housing finance system.

ISGN CEO Ritesh Idnani explains how regulatory requirements often lead to new developments in mortgage technology.

One company advocating the use of eminent domain to condemn underwater mortgages plans to refinance the loans through the Federal Housing Administration short refinance program.

The widening in structured finance spreads is not yet a cause for credit concerns, according to Standard & Poor’s.

Rep. Jeb Hensarling is set to unveil new mortgage finance reform legislation this month—an effort that has virtually no chance of becoming law this year.

Hedge fund firm Perry Capital sued the Treasury Department claiming the government’s seizure of all profits from Fannie Mae and Freddie Mac is illegal and has destroyed shareholders’ holdings.

Royal Bank of Canada and Canadian Imperial Bank of Commerce launched their covered bond programs under the new covered bond framework in Canada.

Bribing the loan officer was part of a scheme that contributed to the bank’s failure.

Housing bonds turned a hefty 80% gain for the first half even as the entire municipal bond market was showing a 12% decline.