Compliance

The Consumer Financial Protection Bureau has implemented a new rule that broadens the ability of lenders in rural and underserved areas to originate qualified mortgages.

The agency may finally be reaching resolution on whether Fannie Mae and Freddie Mac will allow principal reductions, two years into Director Mel Watt's tenure as agency director and nearly a decade after the mortgage bubble burst.

The House passed a bill late Monday to extend foreclosure relief for military service members through the end of next year.

Mortgage lenders continue to remain cautious of high-risk borrowers, according to the Lenders One Mortgage Barometer survey released Monday.

Fitch Ratings believes the market disruption caused by mortgages that fail to comply with a new consumer disclosure rules is out of proportion to amount of risk posed to investors.

As a handful of new issuers enter the market and the implementation of a key regulation pave the way for subprime securitization's comeback, the volume of new loans that are actually available to the market remains a question.

The Manufactured Housing Institute is calling on the Federal Housing Finance Agency to push the government-sponsored enterprises to purchase chattel loans.

As servicers downsize their loss mitigation units, housing counselors are finding the companies' designated points of contact are less experienced, making it more difficult to get packages approved for troubled borrowers.

Creating a bipartisan commission to manage the Consumer Financial Protection Bureau will make the agency’s rules longer-lasting and place needed checks on the director’s authority.

Independent mortgage banks saw production profits slip during the fourth quarter, a result in part of the implementation of the TILA-RESPA Integrated Disclosures, according to the Mortgage Bankers Association.

Advanced technology can certainly provide process improvements, but those will reap results only if employed alongside industry fundamentals.

W.J. Bradley Mortgage Capital shut its doors after it was stuck with nonagency loans with TILA/RESPA integrated disclosure issues that it couldn't sell.

The Department of Housing and Urban Development's proposed addition to the Housing Choice Voucher Program represents a significant deviation from its stated mission of promoting homeownership.

The Federal Housing Administration revised its proposed lender certification requirements on Tuesday in an effort to provide more clarity and reassure lenders they won't be penalized for minor loan defects or mistakes.

Three-fourths of House lawmakers signed a bipartisan letter that calls on the Consumer Financial Protection Bureau to take more steps to carve out community banks and credit unions from onerous regulations. But will it make a difference?

Ginnie Mae needs more and better paid staff to keep up with growing risks on nonbank seller/servicers, the watchdog agency head said.

To hear some former examiners tell it, companies that are hostile during the exam process may get dinged more often than those that show respect and professionalism. Following are tips to ensure bankers do better on their next exam.

Compliance experts have long disagreed about how much, if any, discretion loan officers have in pricing loans to consumers. But a recent auto lending case should bring that debate to a close.

Fannie Mae and Freddie Mac gave $186 million to the National Housing Trust Fund, their first such contributions to a fund designed to provide construction and rehabilitation of rental housing for low-income families.

The Federal Home Loan Bank of San Francisco is exploring ways to use $40 million it received as part of a private-label securities settlement to support small business development and job creation to help future homebuyers.