Regulation and compliance
Regulation and compliance
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Although many believe home prices to be impervious to inflation, they are still susceptible to speculation surrounding the Federal Reserve's rumors and decisions on monetary policy.
March 31 -
The government agency that guarantees securitizations of Federal Housing Administration-insured loans is experimenting with a pool type that consists only of modifications and reperforming loans.
March 31 -
The scammers pocketed $3.8 million from troubled homeowners nationwide and did nothing to modify their loans.
March 30 -
Bankers are fighting back against a plan that would allow Fannie Mae and Freddie Mac to invest in low-income housing tax credits, arguing they are critical for meeting Community Reinvestment Act requirements.
March 30 -
Military families and service members are submitting debt collection complaints to the Consumer Finance Protection Bureau at twice the rate of other consumers.
March 29 -
A jury awarded Mount Olympus Mortgage Co. more than $25 million in a lawsuit alleging "corporate espionage" by former employee Benjamin Anderson and his new employer, Guaranteed Rate.
March 28 -
Appellate courts are officially playing pingpong with underwriters' employment status, leaving lenders to decide whether or not they qualify as employees exempt from minimum wage and overtime pay and open to regulatory scrutiny.
March 28 -
The National Credit Union Administration said it has accepted a $29 million offer of judgment from Credit Suisse to resolve claims arising from losses related to purchases of residential mortgage-backed securities by Members United and Southwest Corporate Credit Unions.
March 28 -
Two senior GOP lawmakers are warning regulators against preferential treatment for housing advocates and nonprofits in sales of nonperforming, government-guaranteed mortgages.
March 24 -
The Federal Housing Finance Agency appears poised finally to allow principal reductions, but it's been nearly a decade since the mortgage crisis and underwater borrowers are much fewer thanks to higher home values.
March 23 -
The sheer volume of regulations adds time and expense to closings without much benefit when consumers main interest is to get funds as quickly as possible.
March 23 -
The new consumer disclosure rule known as TRID has increased origination costs for lenders, but at the same time has boosted borrowers' satisfaction in the loan-closing process, according to a new study.
March 23 -
The Securities and Exchange Commission is looking at whether mortgage servicers are boosting profits by prematurely unleashing debt collectors on delinquent borrowers, a person with direct knowledge of the matter said.
March 22 -
The Consumer Financial Protection Bureau has implemented a new rule that broadens the ability of lenders in rural and underserved areas to originate qualified mortgages.
March 22 -
The agency may finally be reaching resolution on whether Fannie Mae and Freddie Mac will allow principal reductions, two years into Director Mel Watt's tenure as agency director and nearly a decade after the mortgage bubble burst.
March 22 -
The House passed a bill late Monday to extend foreclosure relief for military service members through the end of next year.
March 22 -
Mortgage lenders continue to remain cautious of high-risk borrowers, according to the Lenders One Mortgage Barometer survey released Monday.
March 21 -
Fitch Ratings believes the market disruption caused by mortgages that fail to comply with a new consumer disclosure rules is out of proportion to amount of risk posed to investors.
March 21 -
As a handful of new issuers enter the market and the implementation of a key regulation pave the way for subprime securitization's comeback, the volume of new loans that are actually available to the market remains a question.
March 21 -
The Manufactured Housing Institute is calling on the Federal Housing Finance Agency to push the government-sponsored enterprises to purchase chattel loans.
March 18









