Category Archives: Regulations

California regulators collect $1.8 million fine after accusing Caliber Home Loans of overcharging nearly 5,000 borrowers for interest that accrued before their first mortgage payment was due.

Dozens of fired employees, all U.S. citizens of Indian nationality, deny defrauding charitable giving program and seek $82 million from chair Bill Pulte and CEO Priscilla Almodovar.

RESPA is the biggest party foul in real estate. Compliance expert Summer Goralik explains the rules and stresses that anything less than full compliance can be a career-ending misstep.

Impact on rates depends on the structure of rumored IPO. Whatever the plan turns out to be, the Trump administration has stacked the boards at the mortgage giants with its supporters.

Consumer group say FHFA’s plan to pit VantageScore 4.0 against older FICO Classic score will make “anti-competitive natures of the credit scoring market even worse.”

Raleigh Realty and CrossCountry Mortgage are accused in six separate lawsuits of operating an illegal “pay-to-play” scheme in violation of the Real Estate Settlement Procedures Act (RESPA).

Trump administration would probably lose court battle, lawyers reportedly advise White House, and markets would react badly, “The Wall Street Journal” warns.

Once selling guides are updated, lenders will have the option of using either VantageScore 4.0 or the Classic FICO scoring model, but FICO Score 10 T remains in limbo, FHFA says.

Like Leticia James, Sen. Adam Schiff denies lying on mortgage applications and decries “baseless attempt at political retribution” that won’t stop him from holding Trump accountable.