With rates rising and refis falling, will certain mortgage companies head for the exits? And if they do, will they get too greedy on the sale price?

The treatment of balloon loans under new federal rules is one example where regulation is taking a broad brush approach that disadvantages community banks.

Former GSE regulator James Lockhart noted that only one “catastrophic” guarantor is needed, though he stressed that “you need more than one issuer.”

Residual income is the amount of money left after deducting a borrower’s housing and installment debt from gross monthly income.

PennyMac Financial must be rolling in the dough: the firm is handing out huge stock awards to its top officers.

Only a crazy person would speculate in GSE junior preferred stock. Meanwhile, Dr. Frankenstein reveals himself.

Bipartisan legislation in the house to enact a transitional period for loan originators relating to the SAFE Act, a previous of a hearing on the Dodd-Frank Act's impact on homeownership by a subcommittee of the House Financial Services Committee, and regulatory implementation materials from the Consumer Financial Protection Bureau.

The Supreme Court will hear weigh in on fair lending laws and disparate impact in the case of Township of Mount Holly v. Mt. Holly Gardens Citizens in Action, Inc.

The Supreme Court of the United States announced Monday, June 17, that it decided to grant the petition for certiorari in the disparate impact case of Township of Mount Holly v. Mt. Holly Gardens Citizens in Action, Inc. Specifically, Mt. Holly challenges the position of the Department of Housing and Urban Development that disparate impact can be used to establish liability under the Fair Housing Act, even if there is no discriminatory intent. The CFPB, HUD and the Department of Justice have all previously gone on record as...

Bruce Schultz, head of mortgage operations for SpiritBank, offered attendees at the American Bankers Association’s regulatory compliance conference a useful acronym to remember a good strategy for navigating the rocks and shoals of the CFPB’s ability-to-repay/qualified mortgage rulemaking: CADI: Coordinate, Analyze, Decide, Implement. “First up is coordination,” Schultz told participants in a break-out session at the conference, held last week in Chicago. “Various people that you’re going to need to have input...