Compliance

After the Home Affordable Modification Program ends, servicers will employ myriad proprietary workout options to meet ongoing compliance requirements. But will more discretion in loss mitigation practices create consumer and investor confusion?

The Consumer Mortgage Coalition is arguing that the bill has serious flaws by allowing private insurers to undercut pricing on federal flood insurance policies by offering high deductibles and exclusions to homeowners with mortgages guaranteed by the government-sponsored enterprises.

The Making Home Affordable program has been extended and expanded so many times that it's gotten hard to imagine life without it. But its two primary initiatives have served their purpose and the days may be numbered for HAMP and HARP.

Fannie Mae will make a $919 million dividend payment to the U.S. Treasury Department after reporting a first-quarter profit driven by fees for guaranteeing loans against default and credit-related income.

The Federal Housing Finance Agency announced Wednesday it had raised a cap on the amount of multifamily loans Fannie Mae and Freddie Mac can buy from lenders, boosting it to $35 billion effective immediately.

Freddie Mac's second quarterly loss in less than a year makes it clear profitability is getting tougher as it shrinks. But it's a concern that must be weighed against more long-term efforts to reduce Freddie's overall credit risk exposure.

At least one banker has gone public with expectations that the OCC will force his institution to hold more capital. More could soon follow.

Industry groups are urging the Federal Housing Finance Agency to end the sweep of profits of the GSEs so that Fannie and Freddie can rebuild capital.

Bank of America Corp. said it reached a $190 million agreement to resolve a six-year-old legal claim from Federal Home Loan Bank of Seattle over mortgage-backed securities sold before the financial crisis.

A federal judge approved Goldman Sachs Group's $272 million settlement with investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.

Servicing rights are high-yielding assets, making them attractive investments for hedge funds, real estate investment trusts and banks.

The Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide "greater certainty and clarity" to the mortgage industry.

The House passed a bill Thursday that would authorize state insurance commissioners to approve flood insurance policies for Fannie Mae, Freddie Mac and other federally backed mortgages.

During the mortgage crisis, servicers recruited people from the origination business to help with loan modifications. Now the two sides of the industry are coming together in a new way.

Ocwen Financial Corp. has fulfilled its consumer relief obligation under the National Mortgage Settlement ahead of schedule. But that doesn’t mean it’s in the clear yet.

Cost improvements weren't enough to keep Ocwen Financial Corp. out of the red during the first quarter.

Consumer Financial Protection Bureau Director Richard Cordray sent a four-page response to Sen. Bob Corker, R-Tenn., about new mortgage disclosures but fell short of providing any new official guidance to address industry concerns.

A recently enacted requirement from the Securities and Exchange Commission places liability for collateral assets within securitization trust funds squarely on the shoulders of a depositor's chief executive, prompting calls for more extensive due diligence procedures.

Large lenders are pushing the Federal Housing Administration to revamp its loan defect taxonomy to provide more certainty about potential errors and mistakes that could lead to enforcement actions.

The monitor of the Bank of America Mortgage Settlement distributed roughly $89 million Tuesday to legal assistance groups in nine states from a fund for federal tax assistance.