Law and regulation

While most CU executives are worried about the new Consumer Financial Protection Bureau's new mortgage regulations, one CEO thinks those fear-inducing rules will actually present a "big opportunity" for credit unions.

The Federal Housing Administration has asked the Treasury Department for a $1.7 billion bailout, but its commissioner and others say the agency does not actually need the money.

The Federal Housing Administration’s admission that it faces a budget shortfall for fiscal year 2013 and must take a draw from the U.S. Treasury is increasing pressure within Congress to pass a FHA reform bill.

Federal Reserve Bank of Kansas City president Esther George said labor-market gains warrant tapering the Fed’s bond purchases immediately and halting buying by mid-2014.

We're hearing that a government shutdown is coming and this time it could hurt the housing recovery.

The mortgage industry is looking favorably on the latest Federal Reserve Board easing plan.

Put your energy into developing a branch manager comp plan that is compliant. The alternative is simply not worth the risk.

The Senate Banking Committee has scheduled a hearing that will delve into the fundamentals of the private-label MBS market.

The Federal Housing Administration will take a $1.7 billion draw from the U.S. Treasury to shore up its books at the end of the fiscal year, the first transfer it has required in its 79-year history.

The government-sponsored enterprises are leaving billions on the table by not going after deadbeat borrowers who may have the wherewithal to make good on their mortgages but failed to do so.

If the consumer pays a loan originator organization, the organization is allowed to pay a commission to the individual LO who originated the transaction.

A mortgage software provider recently launched a tool that unifies compliance tracking and rules application within a common management framework to monitor if a loan is delinquent.

Richard Cordray has a new tool (toy), and like it or not, he plans to share it with all of us.

We're hearing about the ability of a real estate broker to obtain a cash advance on an anticipated commission to be earned at closing.

A mortgage firm’s initial public offering can be filed with the Securities and Exchange Commission in secret.

California wants to kick-start the residential side of the state's Property Assessed Clean Energy program by setting up a $10 million reserve fund that would reimburse Fannie Mae and Freddie Mac for any losses incurred from PACE liens.

The convergence between regulatory calls for machine-readable forms and technological advances are increasing the amount of electronic doc management used in origination and servicing.

Mortgage portfolios of the country's largest lenders showed more signs of improvement during the second quarter despite an uptick in early delinquencies.

Credit unions should see the “opportunity in the challenge” offered by the new mortgage rules from the Consumer Financial Protection Bureau.

Fannie Mae, preparing its first sale of securities that would share the risks of homeowner defaults with bondholders, will offer better terms than in Freddie Mac’s initial deal.