Regulation and compliance
Regulation and compliance
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The Office of the Comptroller of the Currency is expected to downgrade Wells Fargo's Community Reinvestment Act rating in January to "needs to improve," from "outstanding," according to a story by Reuters, citing unnamed sources.
December 8 -
Two reports released Wednesday indicate mixed reactions to the presidential election where consumers' attitudes toward housing are concerned.
December 7 -
The Consumer Financial Protection Bureau on Wednesday filed consent orders against three reverse mortgage companies, accusing them of deceptive advertising and misrepresentations.
December 7 -
Banking and credit union trade groups are urging Congress to consider repealing any upcoming Consumer Financial Protection Bureau rules governing arbitration, payday lending, debt collection and prepaid cards by using its authority under the Congressional Review Act.
December 7 -
The rise of digital mortgages and increasing lender consolidation are just two reasons mortgage brokers should make the transition to mortgage banking sooner rather than later.
December 7 -
Some mortgage bond traders tangled up in investigations are moving into the shadow banking system, where their new employers have greater latitude to hire people with blemishes on their records.
December 7 -
Fannie Mae joined Freddie Mac in announcing plans to delist some previously issued Connecticut Avenue Securities, which transfer the credit risk on residential mortgages, from the Irish Stock Exchange.
December 7 -
The Dodd-Frank Act allows the Consumer Financial Protection Bureau to litigate its own cases independently of the Department of Justice except before the Supreme Court. If the landmark PHH v. CFPB case makes it that far, how will a Trump Department of Justice respond?
December 7 -
And that was only the beginning. Bank CEOs speaking in New York provided a long list of financial reforms that they would like to see under the incoming Trump administration.
December 6 -
The Consumer Financial Protection Bureau and its director Richard Cordray are on a collision course with President-elect Donald J. Trump in what could become a legal showdown over the limits to executive power.
December 6 -
The National Fair Housing Alliance and 20 local fair housing groups have filed a lawsuit in federal court against Fannie Mae over its maintenance and marketing of foreclosure properties.
December 6 -
While the designation of retired neurosurgeon Ben Carson to run the Department of Housing and Urban Development appears like an unusual choice, lenders are hoping he can bring a fresh perspective to the industry.
December 5 -
Ben Carson accepted Donald Trump's offer to lead the U.S. Department of Housing and Urban Development, according to a statement from the president-elect's transition office Monday.
December 5 -
The mortgage interest deduction will be limited in reforms designed to provide tax cuts for middle-class borrowers, but not those with higher incomes, according to Treasury Secretary-designate Steve Mnuchin.
December 1 -
The debate over housing finance reform appears to have new life as both Democrats and the next administration appear ready to take up the issue.
December 1 -
Steven Mnuchin's confirmation hearing is likely to be dogged by stories of homeowners who claim his bank, OneWest, illegally foreclosed on them. While the stories are unlikely to prevent President-elect Donald Trump's pick from being confirmed, it could weaken Mnuchin politically and rehash grievances from the financial crisis.
December 1 -
The Federal Housing Administration will increase loan limits across most areas in the United States in 2017 to reflect rising home prices.
December 1 -
Privatizing the government-sponsored enterprises is a priority for Treasury Secretary-designate Steven Mnuchin. Here's a look at what it will take to pull off and the potential implications for the mortgage industry of unwinding the conservatorship.
December 1 -
Bank of America has conditionally completed 97% of the $7 billion in consumer relief it agreed to provide as part of its 2014 settlement with the Department of Justice and six states.
December 1 -
Treasury Secretary-designate Steven Mnuchin's plan to remove Fannie Mae and Freddie Mac from government control could mean increased competition for lenders' loans. But it could also prompt a rise in mortgage rates.
November 30










