Compliance

Former U.S. Department of Housing & Urban Development (HUD) Secretary Julián Castro is fueling speculation that he will seek the Democratic Party’s 2020 presidential nomination
Former U.S. Department of Housing & Urban Development (HUD) Secretary Julián Castro is fueling speculation that he will seek the Democratic Party’s 2020 presidential nomination.   According to a Houston Chronicle report, Castro formed a new Political Action Committee (PAC) called Opportunity... Keep Reading....
PHH Mortgage Corp. has agreed to an approximately $74 million settlement to resolve claims that it failed to meet underwriting regulation on loans that were insured by the Federal Housing Administration (FHA) and the Department of Veteran Affairs (VA) and sold to Fannie Mae and Freddie Mac.   The... more
The Federal Housing Finance Agency (FHFA) conducted its annual stress test of Fannie Mae and Freddie Mac, and the results were not exactly encouraging
The Federal Housing Finance Agency (FHFA) conducted its annual stress test of Fannie Mae and Freddie Mac, and the results were not exactly encouraging.   As part of its stress test, the FHFA envisioned a worst-case economic scenario encompassing a global recession lasting from Dec. 31, 2016, to... more
The nation’s leading mortgage industry trade association has announced its backing of a new bipartisan bill that would amend the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act)
The nation’s leading mortgage industry trade association has announced its backing of a new bipartisan bill that would amend the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act).   The Mortgage Bankers Association (MBA) applauded the introduction of the SAFE... more
The challenge to encourage a higher level of homeownership among the African-American population was addressed by Mel Watt
The challenge to encourage a higher level of homeownership among the African-American population was addressed by Mel Watt, Director of the Federal Housing Finance Agency (FHFA), in a speech delivered before the National Association of Real Estate Brokers 70th Annual Convention.   “While... more