Regulation and compliance
Regulation and compliance
-
The National Fair Housing Alliance's claims that banks have failed to maintain homes in minority neighborhoods are based on shaky factual and legal ground. However, alliances between the nonprofit and its allies in government may leave bankers with little choice but to settle.
December 4 -
Will American oligarchs reap billions in stock profits by investing in non-governmental housing agencies?
December 3 -
Lenders need to boost their consumer education spending and watch out for advertorial content, according to the feds.
December 3 -
The Federal Deposit Insurance Corp.'s history, structure and effectiveness during the financial crisis have helped guide the discussion of housing finance reform, inspiring Senate lawmakers to push an FDIC-like system for the mortgage industry.
December 3 -
The rapid increase in originations may be the problem. New-issue commercial mortgage-backed securities could total $87 billion in 2013, up 81% from 2012's $48 billion.
December 3 -
Former Washington Mutual chief Kerry Killinger and two other bank officials are talking with the Office of the Comptroller of the Currency, the last chapter in the governments probe into the financial institution's collapse.
December 3 -
For the second time in 2013, Charles Head was convicted by a federal jury in the Eastern District of California for operating a major mortgage fraud scheme.
December 3 -
The National Fair Housing Alliance has accused big banks of discriminating against minorities in the upkeep of foreclosed properties and is seeking millions in settlementsmostly for itself. Behind its demands are faulty data and grants overseen by a federal official with close ties to the group.
December 3 -
Rising interest rates next year will heighten both the term risk of new deals and the refinance risk of outstanding commercial mortgage-backed securities, but Moodys ratings could remain stable.
December 2 -
New policies spell out "business interactions" between mortgage insurers and servicers.
December 2 -
The pass-through deal consists of beneficial interests in a three-year loan, floating-rate loan that has two one-year extension options, according to Fitch. Five mall properties cross-collateralize the mortgage.
December 2 -
Borrowers whose homes were damaged by the November tornadoes are being offered mortgage relief options by the government-sponsored enterprise including forbearance for up to one year.
December 2 -
An outsourcing services provider is buying a capital markets consultancy for $75 million, and separately a mortgage company is outfitting its new servicing unit with lien-release technology.
December 2 -
Government cops have been responsible for recouping nearly $5 billion from fraudsters since 2008.
December 2 -
Boston Community Capital is urging lawmakers to extend the Mortgage Forgiveness Debt Relief Act before it expires at the end of the December.
December 2 -
The deal releases the lender from certain existing and future repurchase obligations for approximately 716,000 loans originated between January 2000 and December 2009.
December 2 -
Lawyers for a Pennsylvania bank say the draft complaint may lead to the discovery of evidence that could be used in its own case against JPMorgan Chase.
November 27 -
Regulatory pressure is expected to be as strong as ever next year when mortgage lenders and servicers will test new waters in compliance implementation, process improvements and business strategies. Market veterans find regulatory compliance risks are higher almost in every area of the business.
November 27 -
Refinancing share is up week-to-week, but the Mortgage Bankers Associations raw numbers show purchases are higher both week-to-week and year-to-year.
November 27 -
Increases in medium- and long-term interest rates still pose risks, but the Federal Deposit Insurance Corp.'s Quarterly Banking Profile revealed that a rate recovery can also have advantages.
November 27



