Law and regulation

President Obama is slated to make a housing policy speech in Phoenix on what can be done to boost the housing recovery and help underwater homeowners.

Dave Vida of LenderLive Network is one of many in the industry who does not see “anything too new in the loss mitigation space,” but recognizes it has been transformed by the foreclosure crisis.

A Texas bank, 11 state attorneys general and a libertarian group are planning to continue their legal fight to overturn several sections of the Dodd-Frank Act.

Federal prosecutors in Cleveland filed papers Aug. 2 seeking to seize a home owned by Alex Spirikaitis, the fugitive CEO of Taupa Lithuanian CU.

We're hearing there's a general expectation that purchase mortgage lending will pick up as refinancings continue to decline over the next four quarters.

Allstate’s 2011 lawsuit against Goldman Sachs over the alleged fraudulent sale of residential mortgage-backed securities has been discontinued.

Congress may be dysfunctional and highly partisan, but its members do have a soft touch when it comes to seniors and their access to reverse mortgages.

Calyx Software is coming out with a qualified mortgage findings report that will allow originators to thoroughly document compliance with the rule scheduled to go into affect in January.

Under the Making Home Affordable programs there can be a benefit for both the homeowner and the industry that many may have overlooked.

A unit of Banc of California has agreed to pay $10 million for a mortgage business owned by one of its managing directors.

Department of Housing and Urban Development officials want lenders to implement the changes by Oct. 1, the start of the federal government’s fiscal year.

House Republicans are asking the Consumer Financial Protection Bureau for documents related to work on its qualified mortgage rule amid claims that former employees are seeking to profit from measures they helped write.

The CFPB has issued a formal policy in which it encourages lenders to come forward and provides specific guidelines as to the extent of forgiveness.

In one case, the government went back 30 years for a business owing payroll taxes.

President Obama has nominated Federal Reserve Gov. Sarah Bloom Raskin to be the new deputy secretary at the Treasury Department.

One mortgage compliance expert compares rules enforcement to the construction of an automobile.

Ocwen is close to reaching a settlement with federal regulators and it appears the giant servicer will agree to make cash payments to borrowers who were harmed during the foreclosure process.

The USDA is warning originators not to close loans with higher loan amounts or interest rates than noted on the conditional commitment.

Legislation to reform the Federal Housing Administration sailed through the Senate on Wednesday, but the bill's future remains up in the air as Congress prepares to break for the August recess on Friday.