Regulation and compliance
Regulation and compliance
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With some proposals still outstanding, mortgage bond market participants are concerned that eminent domain attempts would spread if a municipality makes inroads with a proposal.
December 8 -
Generally, advertising cost should be split pro rata based upon the amount of advertising space each party uses under the Real Estate Settlement Procedures Act, but more complicated issues arise.
December 8 -
The State Regulatory Registry, which runs the Nationwide Multistate Licensing System, says that mortgage loan originator and company renewals for 2015 are off to a strong start.
December 4 -
Zillow Inc. was accused of "sexual torture" by one of its former sales consultants in a harassment lawsuit that may add to scrutiny of how women are treated in the technology industry.
December 4 -
From Biblical times to the present, fraud has been the key factor in all financial crises. But there is one financial instrument that, if used correctly, can bring equilibrium to fraud-impacted markets.
December 3 -
Thomas Provenzano, a Connecticut man who in January pleaded guilty to real estate fraud, was sentenced to 18 months imprisonment to be followed by five years of supervised release.
December 3 -
Supreme Court justices appeared skeptical of both sides during oral arguments on Monday in a case that could shape whether regulators have to ask for public feedback before significantly changing a rule.
December 2 -
While the lawsuit may not succeed, lenders should carefully evaluate adherence to required loss mitigation procedures on Department of Housing and Urban Development loans.
December 1 -
Having fought many battles with Congress over curbs to bond and other programs that affect affordable housing, John Murphy expects the challenges will continue as he retires from the National Association of Local Housing Finance Agencies after 30 years as its executive director.
November 26 -
A final judgment against Bank of America in a mortgage-bond lawsuit by the Securities and Exchange Commission was signed by a federal judge, helping clear the way for the lender to complete a $16.7 billion global settlement of claims it misled investors about risk.
November 26 -
Banks could originate 300,000 more home loans per quarter and face only a slightly higher risk of default, according to a new report. But lenders are unlikely to loosen lending standards until they are sure that Fannie, Freddie and the FHA have eased up on buyback requests.
November 26 -
Part two of this three-part series covers what the Consumer Financial Protection Bureau wants to see from originators if they close loans in their own name.
November 24 -
New initiatives meant to increase access to credit have rekindled the debate over whether housing counseling is the best and most cost-effective way for preparing consumers to become mortgage borrowers.
November 24 -
In some cases lenders are using safeguards against for loans made outside the legal safe harbor for "qualified mortgages" that reprise old protections that did not work before.
November 24 -
Giving roughly 5 million immigrants at least temporary relief from deportation could conceivably ease lenders' and borrowers' qualms about mortgages to undocumented workers who qualify with individual taxpayer identification numbers.
November 21 -
Lenders who make or buy non-qualified mortgages are learning how to get more of a handle on the risks, in part by ensuring they don't stray too far away from QM boundaries.
November 21 -
The U.S. Securities and Exchange Commission resolved an impasse over punishing Bank of America Corp. in a mortgage-bond case, clearing the way for the lender to complete a $16.7 billion global settlement, people familiar with the matter said.
November 21 -
Fannie Mae and Freddie Mac updated their representation and warranties frameworks in a move designed to encourage mortgage lenders to ease credit restrictions by limiting repurchase requirements.
November 20 -
The Consumer Financial Protection Bureau issued a proposal Thursday that would institute new foreclosure protections for consumers after the agency found its previous mortgage rules didn't go far enough.
November 20 -
An automated consumer training technology aims to mitigate compliance risk in loans outside qualified mortgage standards for liability protection.
November 20














