Despite looser credit consumer demand has been on the decline, according to Fannie Mae's fourth-quarter Mortgage Lender Sentiment Survey.
Ocwen Financial came under fire from Joseph A. Smith, the monitor of the national mortgage settlement, after concerns of conflicts of interest were raised by an unnamed whistleblower.
If the Securities and Exchange Commission bans Standard & Poor's from rating commercial mortgage-backed securities, as it is reportedly planning to, bonds backed by a single, large asset would be hit disproportionately, according to JPMorgan.
Mortgage fraud remains a national problem as loan applications have seen misrepresentations increase on an annual basis for three consecutive years, according to LexisNexis Risk Solutions.
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