New York may soon include insurance companies in its Community Reinvestment Act regulations to combat rising homeowners insurance costs.

Craig Trainor, assistant secretary for Fair Housing and Equal Opportunity at HUD, warned fair housing advocates that if they aren't compliant with the law, he would bring an "investigative storm" against them.

The lawsuit alleges that Unison lured Colorado homeowners into high-cost home equity agreements by falsely marketing its product as an interest-free option contract.

The new guidelines, which go into effect Aug. 6, require seller/servicers to have clear policies in place to mitigate the risks posed by this technology and to ensure it complies with existing laws and regulations.

“Independent mortgage banks have navigated the most volatile interest rate cycles in a generation without a taxpayer backstop,” according to Pennymac.

MBA wants the reporting threshold for HMDA to be increased to reduce burdens on lenders.

Academy Mortgage won an appeal in a case involving attorney's fees associated with a lawsuit filed under the False Claims Act.

Didi Parks, vice president of national accounts at Incenter Diligence Solutions, a third-party review firm, said it’s important that originators offering a new product ensure their staff is well trained, because if not all underwriting requirements are met, the originator could take pricing hits or might not be able to sell the loans at all.

Analysts suggest that the incentives in the proposals to retain mortgage originations are stronger than the incentives for banks to increase their deliveries into MBS.

A provision in the proposal would remove the requirement for banks to deduct mortgage servicing rights that reach a certain cap from common equity tier one capital and replace it with a 250% risk weighting on the assets, which might not be low enough to incentivize banks to increase their MSR holdings.