Regulation and compliance
Regulation and compliance
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JPMorgan Chase lost a bid to block buyers of $10 billion worth of residential mortgage-backed securities it packaged in 2007 to proceed as a group with their lawsuit alleging the bank misled them.
October 1 -
The rapidly changing environment in the mortgage industry requires executives to have a more comprehensive vision for executing effective change management strategies.
September 30 -
The risk of property valuation fraud may be on the rise, according to a report released Tuesday by Interthinx.
September 30 -
WASHINGTON Loans for manufactured homes typically come with higher interest rates and fewer consumer protections than more conventional mortgages, the Consumer Financial Protection Bureau said Tuesday.
September 30 -
The nation's largest mortgage originator approved the de novo company for its correspondents and that led to a big increase in third quarter business.
September 30 -
Hispanic borrowers have been shut out of the two-year housing recovery more than other groups in California, denying them the chance to rebuild wealth through homeownership.
September 30 -
The DOJ wants the banks it threatens with litigation to admit accountability, pay hefty penalties and takes steps to satisfy the public thirst for payback. But the financial system would be better served if the bulk of regulation was left to the banking agencies.
September 30 -
Citigroup CEO Michael Corbat reflected with Warburg Pincus CEO Joseph Landy and Paulson & Co. CEO John Paulson on the growth paradigm of tomorrows financial markets, the role of shadow banking within it and how the world for megabanks has become permanently smaller.
September 30 -
The Consumer Financial Protection Bureau's action against Flagstar Bank on Monday marked a series of firsts for the agency, including the first time it enforced its new mortgage servicing rules and the first time it banned a servicer from servicing new loans until fixes are made.
September 29 -
Essex Property Trust said on Monday that its computer networks have been hacked.
September 29 -
Hefty penalty seems 'puzzling' since the Seattle and Des Moines FHLB merger seems on track to be the first voluntary merger in the 82-year history of the Federal Home Loan Bank System.
September 29 -
WASHINGTON Michigan-based Flagstar Bank will be required to pay $37.5 million in restitution and fines over regulatory allegations it blocked struggling homeowners from receiving foreclosure relief, the Consumer Financial Protection Bureau said Monday.
September 29 -
Recovery rates for liquidated commercial mortgage-backed security loans rose during the first half of this year after reaching historic lows the two previous quarters, according to Fitch Ratings.
September 29 -
This shows that the Consumer Financial Protection Bureau will hold a company responsible for the actions of a third party, regardless of intent, if a consumer is negatively affected.
September 29 -
Fannie Mae and Freddie Mac, which attracted investors such as hedge-fund manager Bill Ackman even as the mortgage giants hand over their profits to taxpayers, are tumbling again.
September 29 -
Commercial real estate lender Walker & Dunlop has added three originators to a conduit and high-yield lending joint venture with Fortress Investment Group.
September 26 -
More community banks are looking to outsource their mortgage operations to reduce the regulatory burden, but structuring such deals and determining proper compensation can be tricky. Here's how two Chicago-area lenders solved the problem.
September 26 -
Municipal Mortgage & Equity will change its name to MMA Capital Management LLC, effective Sept. 29.
September 26 -
Whether it's a formal merger/acquisition deal or a loan production office changing affiliations, successfully bringing together the cultures of two organizations is crucial to creating a harmonious union.
September 26 -
Bill Gross, co-founder and chief investment officer of Pacific Investment Management Co., will join Janus Capital Group Inc.
September 26




