Government

Stress tests have come under some scrutiny lately as to whether or not they are providing any new, relevant information seven years after the Federal Reserve disclosed the results of the first stress tests. To the OCC, however, stress tests are still relevant.

The perception among Republicans is that the financial industry, and the country in general, have been overregulated under President Obama. But the president's political party might not be as much of a factor as some think.

In the case of Spokeo Inc. vs. Robins, the Court ruled that consumers must prove that they have suffered “concrete harm” in order to bring a class action suit under the FCRA. What does this ruling mean for mortgage servicers?

For a program that was only supposed to be temporary, The Home Affordable Refinance Program (HARP) is still going rather strong.

Many in the mortgage industry have complained of the complexity of implementing the rule and the difficulty of complying, despite the rule’s goal of making it easier on all parties involved to close a mortgage loan. But do homebuyers share these same sentiments?

The CFPB's push to cut off lenders’ ability to include clauses prohibiting borrowers and bank account holders from filing or joining class action lawsuits in their contracts comes with a price.

Wall Street has figured in another billion-plus dollar non-performing loan (NPL) sale for one of the GSEs.

While the conservatorships continue, so do the Enterprise’s initiatives to ease the risk for taxpayers by further involving investors in the private capital market.

M&T Bank Corp., agreed to pay the U.S. to resolve claims that it violated the False Claims Act by knowingly originating and underwriting single-family mortgage loans insured by the FHA that did not meet the mortgage insurer's requirements.

Lenders and servicers are not the only ones finding themselves wading through the murky waters of regulatory compliance. Recent rule changes germinating in the mortgage industry have shaken up business as usual at title and escrow companies. Editor's note: This select print feature appears in the May 2016 edition of MReport magazine.