Regulation and compliance
Regulation and compliance
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The Consumer Financial Protection Bureau has ordered a New Jersey company, Stonebridge Title Services Inc., to pay $30,000 for paying illegal kickbacks for referrals.
June 17 -
Ocwen Financial Corp. agreed to pay $3.7 million to end a Massachusetts lawsuit claiming it didn't give homeowners required notices and illegally foreclosed on properties, the states attorney general said.
June 16 -
The Consumer Financial Protection Bureau recognized a distinction in terms of the treatment of persons working for a company based upon their classification as employees or contractors.
June 16 -
WinWater is the first new jumbo residential mortgage-backed securities issuer to put a deal in the pipeline since 2013. More new players could bring deals to market late this year.
June 13 -
Fannie Mae and Freddie Mac are exempt from state and local taxes, including transfer taxes, a Washington appeals court ruled in the latest decision shielding the government-owned mortgage finance companies from attempts to collect levies on property transfers.
June 13 -
The Justice Department has asked Citigroup for more than $10 billion to settle a probe into the lender's sale of mortgage-backed bonds in the run up to the 2008 financial crisis.
June 13 -
Sen. Lindsay Graham questioned payments to a senior advisor of Shaun Donovan, who currently heads the Department of Housing and Urban Development and has been nominated to lead the Office of Management and Budget.
June 12 -
Fidelity National Financial and First American Financial are pitching lenders additional technologies and services that complement their core title businesses. CoreLogic, by contrast, is diversifying its clientele beyond mortgages.
June 12 -
Wells Fargo failed to convince a U.S. appeals court that a multibank mortgage settlement in 2012 barred the government from suing over home lending practices it claims led to hundreds of millions of dollars in federal insurance payouts.
June 10 -
The House approved a bill Monday evening to modify the calculation of certain "points and fees" under the Consumer Financial Protection Bureaus qualified mortgage rule.
June 10 -
By obtaining a third-party opinion that provides a reasoned analysis supporting borrowers' ability to repay, a lender places itself in a substantially stronger position with respect to subsequent ATR claims.
June 10 -
Citigroup, one of three mortgage lenders sued last year by Los Angeles for allegedly targeting minorities with "predatory" loans, lost its first attempt to dismiss the claims.
June 9 -
A reported $12 billion settlement with federal and state authorities could force Bank of America to take a charge eating up most of its second-quarter profits. After that, the bank may finally get to move on.
June 6 -
Doral Financial Corp., the holding company for Puerto Rico's second-largest mortgage lender, sued the island's government for voiding a 2012 agreement to pay a $230 million tax refund.
June 6 -
CWCapital Asset Management took title to Stuyvesant Town-Peter Cooper Village, Manhattan's largest apartment complex, and canceled an auction for control of the property.
June 6 -
New York's banking regulator said Thursday that he intends to simplify state requirements for obtaining a mortgage banking license.
June 5 -
Prosecutors have probable cause to present a grand jury with the felony case against the Federal Housing Finance Agency official accused of threatening to kill former director Edward DeMarco, a judge ruled.
June 5 -
Home price appreciation during the first quarter of 2014 resulted in 312,000 borrowers regaining equity in their properties.
June 5 -
Builders have noticed some easing of mortgage credit standards recently, but not enough to make a meaningful difference on the housing recovery.
June 5 -
Ocwen Financial Corp. will no longer require distressed borrowers involved in litigation with the mortgage servicer to sign nondisparagement agreements as a condition for receiving a loan modification, New York's banking regulator said Wednesday.
June 4





