Compliance

Technology startups diving into mortgage lending are doing a lot of things well … except servicing, warned a mortgage industry consultant who has advised them.

The courts would not be getting involved in defining the reach of the Consumer Financial Protection Bureau if the architects of the agency had instituted a commission to oversee it.

The Department of Housing and Urban Development said Friday that an agreement was reached between Fidelity Bank and the Fair Housing Project of North Carolina Legal Aid.

Senate appropriators approved $13 million in new funding to update the Federal Housing Administration's "outdated and unautomated" information technology systems, but rejected President Obama's proposed way of paying for it.

The Consumer Financial Protection Bureau is expected to finalize its second round of mortgage servicing rules in July, a top agency official said. Laurie Maggiano, a program manager for servicing and secondary markets at the CFPB, also offered insights into the bureau's long-anticipated rulemaking on debt collection.

As the war for talent heats up and lenders face tougher decisions in recruiting and hiring loan officers, the need to deploy certain tactics might seem appealing, but will ultimately create more problems than they are worth.

The statute of limitations on private lawsuits against trustees and servicers of housing bubble-era residential mortgage-backed securities could run out in a few years.

Despite his loss in the New York primary on Tuesday, Sen. Ted Cruz is fighting hard to win the Republican nomination. But eliminating the CFPB could be an even tougher challenge if he is eventually elected president.

Two St. Louis-area investors have been indicted on charges they defrauded the failed Excel Bank on real estate loans.

The recent proposal is less about fixing fundamental flaws in our mortgage finance system and more about finding a broadly acceptable path to resolving the current impasse in mortgage finance reform.

Michael Wilson officially assumed the titles of president and chief executive of the merged Federal Home Loan Bank of Des Moines on Monday, a little sooner than expected.

A federal appeals panel appeared receptive to striking two works from the Dodd-Frank Act that says the CFPB’s director can be removed “for cause.” Here’s what that would mean.

Senate Banking Committee Chairman Richard Shelby, R-Ala., is seeking input from the Government Accountability Office and the Congressional Budget Office on the future of policies dealing with Fannie Mae and Freddie Mac.

Borrowers of "forward" Federal Housing Administration mortgages are unfairly being expected to backstop the disparate mission and risks of the Home Equity Conversion Mortgage program.

The National Association of Realtors is teaming up with a coalition of environmental groups, taxpayer advocates and insurance companies to push Congress on flood insurance reforms.

Lawyers for investors in Fannie Mae and Freddie Mac asked a federal appeals court to at least revive their claims that the U.S. stripped the companies of billions of dollars of profits, depriving shareholders of dividends, if not to go further and rule the transfer of profits to the government was unlawful.

Freedom Mortgage has agreed to pay $113 million to settle government allegations that it failed to comply with Federal Housing Administration requirements for originating and servicing FHA-insured loans.

The Department of Housing and Urban Development is continuing to reject calls to slash the annual premium for the Federal Housing Administration despite a renewed push by the National Association of Realtors. But some predict the FHA may eventually cave in.

Offering counseling to prospective homebuyers as part of Fannie Mae and Freddie Mac's duty to serve requirements could play a crucial role in helping lenders and nonprofits safely increase access to credit for underserved markets.

Even while FHFA finally embarked on a principal reduction plan, critics argued it was a dangerous idea that made Fannie Mae and Freddie Mac less safe while helping relatively few people.