In addition to state law, federal laws address cross-selling issues. The Real Estate Settlement Procedures Act, for example, covers referrals of settlement service business, like residential mortgage loans.

“Some of you work the regular hours with minimal extra ... and this will not work,” an assistant vice president and underwriting manager at Franklin American said in an email to underwriters...

Now that President Obama has signed legislation to cap Fannie Mae/Freddie Mac CEO pay, which GSE chief will leave first?

In comments to IMFnews, Emerson accused the HUD Inspector General and DOJ of “hijacking” the FHA program.

Warehouse banks ended the third quarter with $46.0 billion of commitments on their books, a 4.2 percent sequential decline as residential originations in the primary market slowed and nonbank customers needed less credit. According to survey figures compiled by Inside Mortgage Finance, warehouse commitments at the end of September were up 27.8 percent from the same point in 2014. The quarterly decline was...

Wells Fargo is reportedly under investigation for a practice that banks across the industry have relied on for years: cross-selling financial products to their customers. Big banks have been particularly upfront about how they see jumbo mortgages originated for portfolio as a way to cross-sell other products. Cross-selling financial products occurred without much regulatory scrutiny until a lawsuit by the Los Angeles City Attorney in May. LA City Attorney Mike Feuer alleged that Wells’ cross-selling activities violated California’s unfair competition law. The Office of the Comptroller of the Currency and the Federal Reserve Bank of San Francisco are also reportedly investigating Wells’ cross-selling. Feuer alleged...

Although most of the heavy lifting in writing new rules for the mortgage industry has passed, federal regulators still have some significant projects in the works, according to recently released semiannual regulatory agendas. The Federal Housing Finance Agency expects to release a proposed “duty-to-serve” regulation for Fannie Mae and Freddie Mac by the end of this year. The rulemaking was mandated by the 2008 Housing and Economic Recovery Act but hasn’t gotten much attention since the agency published an advance notice of proposed rulemaking back in August 2009. The FHFA is...

G-fees were tapped in a recent highway transportation bill, but eventually the language was stripped from the measure…

At the CFPB, penalty money comes in, but doesn't necessarily go out very quickly...

Xome isn't exactly Uber, said one Nationstar critic...