Law and regulation

The company was sued by a borrower over allegations of not properly disclosing payment option adjustable rate mortgages.

News that the Fed decided to continue the quantitative easing asset purchase program has left real estate investment trusts worrying about the future of the mortgage REIT market.

Tim Howard, dismissed with former CEO Franklin Raines in late 2004, claims in a new book, "The Mortgage Wars," that the GSE was quite healthy—but was the victim of vicious attacks by a banking lobbyist group and regulators.

The good news is that the recovery in home prices seen in much of the U.S. is real and, we believe, sustainable. But we are far from finished building a strong foundation for a full recovery in housing markets, especially home finance.

The move will lead to a 10% reduction in volume for this funding source.

Though bankers generally applauded the Consumer Financial Protection Bureau's final rule on mortgage disclosures, they are raising concerns that some of the changes need to be fixed or they'll have no choice but to assess higher fees at the closing.

Federal judges have ruled no valid claims of fraud exist against MERS in which plaintiffs claimed the company’s role in a deed of trust caused them injury.

Officials generally expect ongoing improvement in the labor market that would warrant trimming the Federal Reserve’s mortgage-backed security and Treasury bond buying.

Many lenders are worried they may face more disparate impact cases once the Consumer Financial Protection Bureau's new mortgage rules go into effect in January.

The issue centers around lender-paid compensation and where would it appear on those documents.

Moves by Wall Street dealers and data providers encouraged by the agency have helped address concerns that lower volumes would make trading more difficult.

Brokers are either staying where they are or looking to become retail branches, says industry executive.

A delay in instituting the National Flood Insurance Program was requested by Brad Thaler, NAFCU VP of legislative affairs, until the Federal Emergency Management Agency completes its affordability impact study outlined in the Biggert-Waters legislation.

We’re hearing private label mortgage-backed securities investors still face challenges to when it comes to amassing the consensus needed to have optimal access to information and leverage in litigation.

New U.S. rules requiring simplified mortgage paperwork will take effect without an exemption for small lenders, according to people briefed on Consumer Financial Protection Bureau plans.

Lenders are mostly relieved that regulators broadened an exemption for mortgage securitizers to avoid a 5% risk retention requirement, but some are focusing on the plan’s potential impact on securities backed by leveraged commercial loans.

The actions of the Consumer Financial Protection Bureau will determine how successful the market will be, a panel discussion at the Mortgage Bankers Association convention says.

JPMorgan Chase & Co. has resolved the last obstacles after months of negotiations to a record $13 billion settlement of civil state and U.S. probes over the sale of mortgage bonds.

JPMorgan, the biggest U.S. bank by assets, battled with the FDIC over who should pay some liabilities from the failed Seattle thrift.

The GSEs will be lenient when it comes to enforcing the QM rule’s 3% cap.