Law and regulation

The White House’s resolve to replace DeMarco is intensifying.

Galante getting closer to re-examining pricing policies but don’t expect premium reductions anytime soon.

The frontman for the band Lights Over Paris used the money for his musical project and lavish lifestyle.

Requiring 30% downpayments will push more borrowers into FHA loans.

An important starting place is to understand how an affiliate is defined under the QM laws.

The charges accuse the firm and its three principals of forming a network of shell companies to profit from kickbacks through real estate settlement referrals.

DeMarco wants to reduce Fannie and Freddie loan limits to make room for private capital in the mortgage market.

Consumer groups, governors and mortgage bankers are calling on Congress to reverse the law, which was designed to reduce the National Flood Insurance Program’s growing debt.

JPMorgan Chase's acquisitions of Bear Stearns and Washington Mutual during the meltdown were once seen as bargains and more recently second-guessed in light of the bank's $13 billion mortgage settlement. The pain will pay off in the long run, experts say.

A New York State examination showed the lender charged homeowners upfront “discount fees” in exchange for lower interest rates, but failed to give the borrowers the promised discounts.

The Salt Lake City company has long lagged in mortgages, and now is the time to get more aggressive as big rivals pull back and small competitors struggle with qualified-mortgage rules, CEO Harris Simmons says.

Lenders have been worried that they could be cited for discrimination, even if it's unintentional, if they only seek to provide QM loans, noting that many minorities would not qualify for that status according to recently released statistics.

Blacks and Hispanics are likely to find it more difficult to obtain credit or face paying higher prices when the "qualified mortgage" rule goes fully into effect, a process that could take up to seven years.

The new qualified mortgage rule is pressuring vendors of loan origination systems to work with lenders to recode their units. There's a lot of work to be done before the Jan. 10 deadline.

GRFConnex is a short sale and deed-in-lieu processing system that helps mortgage businesses remain in compliance.

The U.S. claims Bank of America and Countrywide sold thousands of defective loans from 2007 to 2009 to the home-mortgage finance companies.

U.S. attorneys general offices in Georgia and California are examining potential violations tied to Countrywide Financial, the subprime lender Bank of America bought in 2008.

Servicers continue to play close attention to regulation implemented in response to the unprecedented circumstances surrounding the mortgage industry since 2007.

Regulators are giving banks advance warning of new escrow requirements.

A bipartisan group of 10 senators also urged the Senate leaders to delay the rate hikes, which will average 10% for policies written or renewed on or after Oct. 1.