Regulation and compliance
Regulation and compliance
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Federal regulators issued a proposal Monday that would establish standards for states that register and supervise appraisal management companies.
March 24 -
Foreclosures and home loan delinquencies dropped in February while the refinancing slowdown continued, according to a monthly report from Black Knight Financial Services.
March 24 -
Lenders should avoid repeated mistakes in their process as they could be used as evidence of a fraudulent intention to originate loans without proper safeguards and underwriting processes.
March 24 -
Higher rates, mounting costs and the opportunity to lend to underserved borrowers have pushed some residential lenders to lower their minimum FICO scores, despite broader reluctance to take more risk in a heavily-regulated market.
March 24 -
Housing and lending groups are urging the government sponsored enterprise regulator and conservator to keep the Fannie Mae and Freddie Mac loan limits where they are for now.
March 23 -
A coalition of advocacy groups announced their opposition Friday to a bill by Senate Banking Committee leaders to overhaul the housing finance system, citing concerns about market access for low-income and minority families.
March 23 -
The former owner of a New York mortgage loan modification business was sentenced Friday to serve nine years in prison for defrauding hundreds of distressed homeowners and their lenders.
March 23 -
The Federal Agricultural Mortgage Corp. (AGM) plans to sell $75 million worth of preferred stock in a public offering.
March 23 -
Lenders and servicers are worried about the cost of dealing with widows and widowers who didn't sign the mortgages if they can't be foreclosed upon.
March 21 -
When a lawyer wields a regularly updated, 150-page compliance manual as evidence against a mortgage servicer, it's more important than ever to make sure company documents are heavy on details.
March 21 -
Lenders won't be getting an eighth active mortgage insurance underwriter to choose from after all. But they may get repaid faster on claims from a carrier that's been winding down.
March 21 -
The Federal Housing Finance Agency, Fannie Mae and Freddie Mac will suspend work on the Uniform Mortgage Servicing Dataset to conduct a fact-finding exercise to identify broader data standardization needs in the servicing industry.
March 20 -
The slowdown in housing since the middle of last year reflects a pickup in borrowing costs, declining affordability, limited job growth and, more recently, bad weather.
March 20 -
For the first time since the financial crisis of 2008, consumers are prioritizing their mortgages ahead of their credit card payments, according to TransUnion.
March 19 -
As home equity lines of credit hit the five-year mark and borrowers have to start repaying principal, lenders might have to modify these second liens to avert defaults.
March 19 -
Details in recent legislation unveiled by Sens. Tim Johnson and Mike Crapo are stoking fresh concerns among Fannie Mae and Freddie Mac shareholders now embroiled in lawsuits over their share of profits from the mortgage giants.
March 18 -
The best thing to happen to the business over the last three decades was the development of the secondary agencies' automated underwriting engines. The worst? There are several strong contenders .
March 18 -
The vendor thinks it can meet lenders' needs by creating a system which manages the various tasks that must be completed to move a loan through the origination pipeline.
March 18 -
A court hearing this week could force housing officials to clarify a longstanding gray area in the reverse mortgage business: When the borrower dies, can the lender foreclose on a surviving spouse not named in the loan?
March 18 -
Two House Democrats joined Sen. Elizabeth Warren in asking for a meeting with Attorney General Eric Holder about an inspector general's finding that his department's focus on mortgage fraud has not been as strong as advertised.
March 17








