Compliance

The Consumer Financial Protection Bureau's reluctance to outline explicit requirements for marketing services agreements forces lenders and servicers to play guessing games with compliance, executives claim. But the agency says defining what constitutes an illegal MSA isn't so simple.

Two appeals court judges raised constitutional questions Monday about the structure of the Consumer Financial Protection Bureau in the agency's case alleging that PHH Corp. accepted illegal kickbacks.

Landlords can't automatically reject applicants with arrest records under HUD's new fair housing policy.

After nearly 20 years of talk, the time for e-closings is finally here, thanks to a push from government regulators and a broad shift in acceptance across demographics.

Debt collection, credit reporting and mortgages topped the list of complaints to the Consumer Financial Protection Bureau last year, the agency said Friday.

In a letter to CFPB Director Richard Cordray, the Association of Mortgage Investors said that the "Know Before You Owe" rule has "resulted in a climate of legal uncertainty" and is "chilling" private investment in the U.S. mortgage market.

Widows, divorcees and others who inherit or otherwise receive mortgaged property often have a hard time getting loans modified because there are too many hurdles to proving they own the property.

Although many believe home prices to be impervious to inflation, they are still susceptible to speculation surrounding the Federal Reserve's rumors and decisions on monetary policy.

The government agency that guarantees securitizations of Federal Housing Administration-insured loans is experimenting with a pool type that consists only of modifications and reperforming loans.

The scammers pocketed $3.8 million from troubled homeowners nationwide and did nothing to modify their loans.

Bankers are fighting back against a plan that would allow Fannie Mae and Freddie Mac to invest in low-income housing tax credits, arguing they are critical for meeting Community Reinvestment Act requirements.

Military families and service members are submitting debt collection complaints to the Consumer Finance Protection Bureau at twice the rate of other consumers.

A jury awarded Mount Olympus Mortgage Co. more than $25 million in a lawsuit alleging "corporate espionage" by former employee Benjamin Anderson and his new employer, Guaranteed Rate.

Appellate courts are officially playing pingpong with underwriters' employment status, leaving lenders to decide whether or not they qualify as employees exempt from minimum wage and overtime pay — and open to regulatory scrutiny.

The National Credit Union Administration said it has accepted a $29 million offer of judgment from Credit Suisse to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest Corporate Credit Unions.

Two senior GOP lawmakers are warning regulators against preferential treatment for housing advocates and nonprofits in sales of nonperforming, government-guaranteed mortgages.

The Federal Housing Finance Agency appears poised finally to allow principal reductions, but it's been nearly a decade since the mortgage crisis and underwater borrowers are much fewer thanks to higher home values.

The sheer volume of regulations adds time and expense to closings without much benefit when consumers’ main interest is to get funds as quickly as possible.

The new consumer disclosure rule known as TRID has increased origination costs for lenders, but at the same time has boosted borrowers' satisfaction in the loan-closing process, according to a new study.

The Securities and Exchange Commission is looking at whether mortgage servicers are boosting profits by prematurely unleashing debt collectors on delinquent borrowers, a person with direct knowledge of the matter said.