Compliance

Financial institutions and their regulators have battled for years with the accounting standards entity over the proper way to move away from the pre-crisis requirement that banks set aside reserves only when a loss had already been incurred on a loan.

Prices in England and Wales slipped 0.1%, the same as November.

Florida investor properties are over three times as risky for employment/income fraud as compared to owner occupied properties.

One feature that makes the Reading CoRe program unique is a real estate transfer tax incentive for participating borrowers.

Donna DeMaio will have the same policies that led United Guaranty to become No. 1 in new insurance written.

The Consumer Financial Protection Bureau, as a matter of routine practice, already has enforcement attorneys present at routine audits.

The Dow Jones Townsend Core U.S. Real Estate Investment Trust Index has been introduced by S&P Dow Jones Indices and The Townsend Group.

Fannie Mae and Freddie Mac rely on Libor to determine interest payments on their investments in floating-rate financial instruments such as bonds and swaps.

While Genworth MI Canada Inc. is separately traded on the Toronto Stock Exchange, Genworth Financial still owns a majority stake in the company.

MBIA is refusing to provide information requested by the Securities and Exchange Commission including on reserves for GMAC Mortgage and Residential Capital bankruptcies.

Paramount Land Holdings, which is locally funded by the Detroit Police and Fire Pension Fund, purchased foreclosed properties for as little as $10.

One of the biggest concerns among many industry insiders is how and when the shadow inventory of pending foreclosed properties will be released into the market.

Hope Now alliance mortgage servicers, housing counselors and insurers provide assistance to over 300 families affected by Hurricane Sandy in Westbury, N.Y.

The future performance of the Federal Housing Administration is yet another concern for 2013.

The National Credit Union Administration has sued a JPMorgan Chase unit claiming Bear Stearns & Co. used misleading documents in selling $3.6 billion in mortgage-backed securities to four corporate credit unions that later failed.

While we've made great strides towards recovery, the new year will not come without its own set of challenges, particularly fueled by increased regulation.

The bill gives the Department of Housing and Urban Development and Federal Housing Administration more powers to police lenders and require indemnification for bad loans.

The CFPB’s complaints allege that both cases illegally charged upfront fees typically ranging between $1,000 and $4,500 from each distressed homeowner for services that rarely materialized.

Chicago is the first city in the country to agree to share information directly with the Consumer Financial Protection Bureau.

Consumer advocates and mortgage bond investors have alleged that banks and insurers grossly inflate the cost of such policies, overcharging struggling homeowners and investors by hundreds of millions of dollars.