Regulation

Federal regulators on Wednesday proposed aligning new securitization requirements with a recent Consumer Financial Protection Bureau underwriting rule in a move likely to please banks and housing advocates.

The Colorado Judicial Department warned residents of the state Tuesday to beware of collection phone scams after receiving reports that fake agencies are threatening consumers with arrest warrants.

The investor group that plans to recapitalize U.S. Century Bank in Doral, Fla., has reportedly revised its offer to give a larger stake to preexisting shareholders.

We need to secure a balance between literal enforcement of statistical conclusions and the actual intention of the bank and the real needs of underserved minority communities.

As the year end edges closer, the window is narrowing for policymakers to make 2013 memorable for banking legislation and rule-making. Following are predictions from Washington-based experts about what will transpire—and what won't—on the policy front before the arrival of 2014.

Regulators are widely expected Wednesday to unveil far less stringent standards than an earlier proposal for the "qualified residential mortgages" that are exempt from new risk-retention requirements for securitized loans.

An executive at Calvert Financial in Ashland, Mo., has admitted to using funds from the Troubled Asset Relief Program to buy a luxury condominium.

The Federal Housing Finance Agency is seeking at least $6 billion from JPMorgan Chase (JPM) to settle civil claims the bank sold bad mortgage bonds to government-backed finance companies Fannie Mae and Freddie Mac.

The Consumer Financial Protection Bureau is expected to issue subpoenas to mortgage servicers to find out if borrowers in foreclosure are being overcharged by third-party vendors or paying for services that were not actually delivered.

A call to reassign GSE affordable housing goals to private securitizers ignores important changes in underwriting standards and the nature of federal mortgage guarantees in the conventional conforming market.