Law and regulation

Issuers are adding another layer of protection at a time when lawmakers are examining how to wind down Fannie Mae and Freddie Mac and bring private capital back into the mortgage market.

The Dodd-Frank Act gave the Consumer Financial Protection Bureau the explicit authority to conduct examinations and take supervisory actions against large nonbanks.

The Consumer Financial Protection Bureau has advised banks and other financial companies how to respond to an investigation to minimize the risk of punishment.

A bipartisan group of senators has proposed replacing Fannie Mae and Freddie Mac with a newly created government reinsurer.

No one knows how many borrowers have ended up in foreclosure as a result of the continued use of dual tracking.

Sen. Elizabeth Warren is turning up the heat on the Federal Home Loan Banks for offering cheap financing to private student loan provider Sallie Mae.

UDR Inc. and several of its affiliates engaged in a continuous pattern of discrimination against disabled individuals by designing multifamily public use buildings without those required accessibility features.

2014 rings in a host of new mortgage regulations, including the qualified mortgage rule that works in conjunction with the yet unfinished qualified residential mortgage rules.

When it comes to the changing regulatory landscape, automation is playing a key role as it can tell appropriate users when to reference and act on rules as they stand at the time of action.

After five years in conservatorship, Fannie Mae and Freddie Mac still use separate automated underwriting systems with different credit standards.

We're hearing more and more cities are flirting with the use of eminent domain to condemn mortgages and that is going to cause a lot of trouble for the HUD secretary.

The Federal Deposit Insurance Corp. has charged nine former directors of Southern Community Bank in Fayetteville, Ga., with approving risky loans that later led to its collapse in 2009.

A U.S. House subcommittee has approved an appropriations bill that includes cuts to federal spending for public housing and transit.

The coming week could be an important milestone in the march toward GSE reform as the White House comes under pressure to reveal its approach to winding down Fannie Mae and Freddie Mac.

Poor underwriting and even fraud have been involved in various participation schemes, including the failure of the Central States Mortgage CUSO.

A compliance incident does not have to involve the Consumer Financial Protection Bureau or the violation of a consumer protection law to be a concern.

Freddie Mac plans to eliminate a $7,500 annual low-activity fee that has met with a backlash among rural banks that sell a small number of loans each year to the government-sponsored enterprise.

We're hearing from the great state of Washington where there has been an increase of almost 1,200 loan originators from November 2012 through March of this year.

Lenders are waiting for the Consumer Financial Protection Bureau to agree on a residual income test that will be critical in the origination of rebuttable presumption QM loans.

Manhattan U.S. Attorney Preet Bharara today announced the unsealing of a felony complaint against Seth Beoku-Betts, founder of Betts & Gambles LLC, for defrauding a Midwestern state university in 2008.