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The final rule will go into effect on February 17, 2021.

Establishes a committee of inquiry to investigate allegations that Federal Reserve Governor Lisa D. Cook made false statements in connection with mortgage instruments and to recommend whether...

An Iranian individual pleaded guilty to DOJ charges for violating the International Emergency Economic Powers Act (IEEPA) and the Iranian Transactions and Sanctions

On May 20, the FHFA announced that Fannie Mae and Freddie Mac are issuing new finalized operational and financial eligibility requirements for mortgage seller/servicers.

November 19, the FDIC announced the release of the first in a series of three new technical assistance videos developed to assist bank employees in meeting regulatory requirements.

On August 19, 2015, the Federal Deposit Insurance Corp., acting as receiver for Guaranty Bank, filed suit against Bank of New York Mellon Corp. in New York federal court...

The Consumer Financial Protection Bureau ("CFPB") adopted a final rule to amend mortgage servicing rules (Regulation Z) under the Truth in Lending Act.

On August 18, 2016, the Federal Housing Finance Agency ("FHFA") announced an additional increase to the 2016 multifamily lending caps for both Fannie Mae and Freddie Mac.

On December 15, 2015, the Federal Housing Finance Agency issued a proposed rule that would require Fannie Mae and Freddie Mac to provide specific services relating to manufactured housing, affordable housing preservation and rural markets.

The Federal Reserve Board ("FRB") fined a bank holding company for alleged improper execution of residential mortgage-related documents.

On July 30, 2015, District Judge Denise Cote of the Southern District of New York denied GE Mortgage Holding LLC's motion for summary judgment in a repurchase action brought by the RMBS Trustee for the GE-WMC 2006-1 Trust.

Sixty-five Democratic representatives called on CFPB Director Kathy Kraninger to rescind a recent proposal that would reduce the amount of lending information collected under the Home Mortgage

Joy Harmon Sperling wrote an article, "How to Navigate New Jersey's Foreclosure Crisis," for Mortgage Daily.

On April 24, the U.S. Department of Housing and Urban Development changed its Distressed Asset Stabilization Program to require loan servicers to wait one-year before initiating a foreclosure action.

On October 22, the Fed, CFPB, FDIC, NCUA and OCC issued a joint statement to address industry questions on fair lending risks associated with offering only qualified mortgages.

On January 8, 2015, plaintiffs in a class action lawsuit against JP Morgan Chase informed the court that the parties had an agreement in principle to settle the case.

Managers of loan mutual funds are preparing for the release of final rules from the SEC that seek to improve the liquidity risk management of mutual funds and ETF.