Regulation and compliance
Regulation and compliance
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A Department of Justice investigation net thrown to catch bid rigging and fraud at public real estate foreclosure auctions in California has brought in a big catch to date.
November 5 -
The Netherlands planned sales of the bonds over the coming year could have consequences for the U.S. private-label mortgage-backed securities market.
November 4 -
Some policies only allow a one-year window to challenge claims decisions after an event has occurred.
November 4 -
Recent improvements in lending technology are having a strong impact on loss mitigation practices for lenders.
November 4 -
The industry is uncertain how regulators will enforce the new rules. Most lenders are shying away from non-QM lending for now. And if credit is tightened, what will the effect be on the economy?
November 1 -
Lenders may think they know enough about the dangers QM can bring. But there are other parts of the rule they are not focusing on yet that they should be concerned about.
November 1 -
The Federal Reserve in two adverse scenarios will gauge bank resilience against declines in the prices of high-risk, high-yield loans and debt and some high-priced real estate markets around the country.
November 1 -
Efforts to adjust to new market demands and comply with a heavily regulated mortgage lending marketplace involve anything from massive layoffs to speeding up loan processing automation.
November 1 -
The mortgage insurer is in settlement talks to resolve the dispute over Countrywide originations which have gone into default.
November 1 -
Another big law like Dodd-Frank could be harmful to the mortgage market, but an incremental approach to housing finance reform might be the perfect solution.
November 1 -
The FHFA is squeezing banks to repay losses that taxpayers were forced to cover because financial institutions sold faulty mortgage bonds to Fannie Mae and Freddie Mac.
November 1 -
The suit against Borders & Borders backs the author's opinion regarding these business arrangements.
October 31 -
The government-sponsored enterprise alleged that banks including Bank of America, JPMorgan Chase and Citigroup acted to suppress the rate.
October 31 -
It can be confusing when you share an acronym with a well-known agency in the same industry.
October 31 -
Trade groups urge agency to prove a safe harbor for all insured loans.
October 31 -
Lawyers for investors in Countrywide securities also ask to drop their objection.
October 31 -
The Mortgage Bankers Association thinks mortgage volumes will drop by a third next year. Industry execs we asked agreed originations will fall. Just how much? No agreement there.
October 30 -
Consumers renewed interest in refinancing and a smaller rise in purchase requests give applications a boost.
October 30 -
Sixty-seven nonprofits will benefit from the megabanks 2013 Leading the Way Home program designed to help accelerate recovery efforts in distressed areas.
October 30 -
The accord ends all pending litigation and the agencies won't object to the reorganization plan for the company's money-losing Residential Capital mortgage lender.
October 30





