Regulation and compliance
Regulation and compliance
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Bank of America was told to pay a $46 million judgment last week after it wrongfully foreclosed on a Lincoln, Calif., couple during the recession.
March 29 -
On the long list of those who profited from the misery of the Atlanta-area foreclosure crisis, you can add the name of Clifford Wayne Hill.
March 29 -
Deutsche Bank is finding that there just isn't enough soured U.S. mortgage debt anymore.
March 29 -
Wells Fargo engaged in an "extensive and pervasive pattern" of discriminatory and illegal lending practices for years, the OCC said in slashing a key rating of how the bank serves communities.
March 28 -
Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights.
March 28 -
With a "needs to improve" rating, Wells Fargo is now subject to a wide range of regulatory restrictions on things like branch openings and M&A.
March 28 -
Suspending Fannie Mae and Freddie Mac's regular dividend payments to the Treasury, thus enabling the companies to replenish their reserve capital, would put their future on better footing.
March 28 -
House Republicans’ failure to repeal the Affordable Care Act — an issue that has animated the party caucus since its passage in 2010 — has thrown into question their ability to enact regulatory relief.
March 27 -
Most tax lien and civil judgment data will be taken out of credit bureau files on July 1, possibly inflating scores and raising concerns about liability for mortgages that sour.
March 27 -
The Consumer Financial Protection Bureau
issued a proposal that would give mortgage lenders more flexibility in collecting information on race, sex and ethnicity of home loan applicants.March 24 -
It took more than four years before David Bruns was caught stealing from the Montgomery County, Ohio, Prosecutor's office.
March 24 -
The Consumer Financial Protection Bureau said Experian sold consumers an "educational" credit score and falsely claimed in advertisements that the score was used by lenders to make credit decisions.
March 23 -
The groups and industry trade associations want the Treasury Department and the FHFA to allow Fannie Mae and Freddie Mac to build up capital reserves.
March 23 -
Implementation of the second phase of the common securitization platform had been projected for next year, but the anticipated time frame was delayed following "lessons learned" from the first phase.
March 23 -
Though it's too early to have a concrete plan regarding Fannie Mae and Freddie Mac, the administration is creating a set of principles that it hopes to release in a few months.
March 21 -
A federal jury has convicted two businessmen on multiple bank fraud charges related to falsifying loan documents to postpone foreclosure on a parcel of land in Aurora, Ill., worth nearly $2 million.
March 21 -
Bank of America has completed its legal settlement obligation with the Department of Justice to provide $7 billion in consumer relief nearly two years ahead of schedule.
March 20 -
U.S. bank regulators have tentatively agreed to ease an appraisal requirement that could help commercial real estate borrowers.
March 20 -
The Justice Department told a federal appeals court on Friday that President Trump should have the authority to fire the head of the Consumer Financial Protection Bureau.
March 17 -
Mortgage industry hiring and new job appointments for the week ending March 17.
March 17










