Compliance

The U.S. Supreme Court has declined to consider litigation brought by Fannie Mae and Freddie Mac shareholders
The U.S. Supreme Court has declined to consider litigation brought by Fannie Mae and Freddie Mac shareholders that accused the government of overstepping its authority when redirecting the government-sponsored enterprises’ profits to the Treasury Department following the 2008 enactment of federal... Keep Reading....
The final meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) chaired by Janet Yellen resolved to keep rates at their current level
Sen. Elizabeth Warren (D-MA) took an exceptionally harsh criticism of Jerome Powell, the incoming Chairman of the Federal Reserve, by questioning his independence from financial services lobbyists and questioning whether he would respond to potential outside interference from the banking industry... more
A leaked e-mail reportedly sent by Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (CFPB), to the staff of the agency
A leaked e-mail reportedly sent by Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (CFPB), to the staff of the agency previewed a new and less litigious approach to regulating the financial services industry.   In the e-mail, which was made public via the left-wing news... more
A former Wells Fargo mortgage banker has filed a wrongful termination lawsuit against his ex-employer, stating that he was used as a scapegoat when the lender was called to task for improper practices
A former Wells Fargo mortgage banker has filed a wrongful termination lawsuit against his ex-employer, stating that he was used as a scapegoat when the lender was called to task for improper practices.   The Los Angeles Times reports that David Eghbali, who worked in Wells Fargo’s Beverly Hills... more
Mortgage Quality Management and Research LLC (MQMR) has announced that its Internal Audit services offering meets or exceeds the requirements for Fannie Mae seller/servicers to be in compliance with the Dec. 19, 2017 Fannie Mae Selling Guide Announcement
Mortgage Quality Management and Research LLC (MQMR) has announced that its Internal Audit services offering meets or exceeds the requirements for Fannie Mae seller/servicers to be in compliance with the Dec. 19, 2017 Fannie Mae Selling Guide Announcement SEL-2017-10 update. The update describes... more