Regulation and compliance
Regulation and compliance
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Mortgage lenders are in the final stretch of preparing to deliver the new TILA-RESPA Integrated Disclosures to borrowers. But it's not just the change of forms that's causing alarm bells. Fines could be steep and legal liability could be even higher for violators, while necessary technology changes are expensive.
June 1 -
The Supreme Court issued a ruling Monday that said second mortgage liens cannot be voided in bankruptcy, even when the first lien is underwater.
June 1 -
Loan officers still rule the roost at most mortgage origination shops, but processors may finally be starting to get their due.
June 1 -
Constraints on GSE loan volume and an overall dearth of liquidity were among the biggest issues at hand during the Mortgage Bankers Association's Secondary Market Conference in New York. Here's a recap of the event.
May 29 -
A Florida court on Friday sided with the Consumer Financial Protection Bureau and the state over claims that a law firm charged illegal fees to consumers seeking foreclosure relief.
May 29 -
Provident Funding Associates, a private mortgage lender, has agreed to pay $9 million to settle allegations its brokers charged minorities higher fees and interest rates, federal regulators said Thursday.
May 28 -
A Virginia short sale specialist was convicted Wednesday by a federal jury on charges including mortgage and tax fraud.
May 28 -
New servicing standards issued by the government-sponsored enterprises are unlikely to pose a hurdle for the biggest nonbank players in the market, but small servicers could find it more challenging.
May 28 -
JPMorgan Chase's $500 million settlement with pension funds over Bear Stearns' sale of mortgage-backed securities was approved by a federal judge.
May 28 -
The lesbian, gay, bisexual and transgender community overwhelmingly views homeownership as a strong investment, although worries of housing discrimination persist, according to a new study.
May 27 -
Royal Bank of Scotland Group, Britain's largest taxpayer-owned lender, could pay as much as $4.5 billion to resolve claims of misconduct in its handling of U.S. mortgage securities.
May 27 -
Veros will offer a direct connection to the Federal Housing Administration's new Electronic Appraisal Delivery portal using the same interface it offers for submitting appraisals to Fannie Mae and Freddie Mac.
May 26 -
In the wake of recent court rulings upholding homeowners associations' "super lien" status in foreclosures, mortgage vendors have flooded the market with products to help servicers and investors manage this long-standing threat.
May 26 -
Associated Banc-Corp in Green Bay, Wis., agreed to expand mortgage lending in minority neighborhoods to settle a federal probe into its fair-housing loan practices.
May 26 -
Hundreds of lawmakers from both sides of the political aisle are pushing for the Consumer Financial Protection Bureau to grant a grace period for banks, credit unions and other lenders to comply with a new mortgage disclosure rule.
May 22 -
Barclays dismissed mortgage-bond trader Yoon Seok Lee over claims that he lied to clients.
May 22 -
Fannie and Freddie's profits depend on having their obligations backed by the U.S. Treasury. Therefore they should have to pay a sensible price for this backstop just like big banks.
May 22 -
Promontory said Wednesday that it acquired FS Advisory from Date, who founded the consulting practice along with Fenway Summer in 2013 after leaving the Consumer Financial Protection Bureau as deputy director.
May 21 -
Nonbank servicers selling and buying Fannie and Freddie MSRs must meet new capital and liquidity requirement to transfer servicing.
May 20 -
VidVerify, a new company started by a co-founder of Lenders One, produces online videos that educate borrowers on the milestones of the mortgage process, while helping lenders ensure regulatory compliance.
May 20








