Compliance & Regulation

Keystone Asset Management has recently completed an audit that assures the company is complying with regulations within the mortgage servicing industry.

The Financial Crimes Enforcement Network said there has been an 88% year-over-year increase in mortgage loan fraud suspicious activity reports filed in the second quarter.

Standard & Poor's, Moody's Corp. and Fitch Inc. won dismissal of a lawsuit alleging that their ratings of nonprime MBS were faulty and caused five Ohio public employee pension funds to buy into these money-losing investments.

The Federal Housing Finance Agency Tuesday afternoon released a 37-page "talking paper" on changing GSE servicing fees, while noting that GNMA compensation – for now – will not be part of the discussion.

Lenders One, the largest mortgage cooperative in the U.S., is calling for the Federal Housing Finance Agency to end volume discounts on Fannie Mae and Freddie Mac's guarantee fees.

A growing list of failed thrift reports is helping the Office of the Comptroller of the Currency learn how to avoid the mistakes made by the Office of Thrift Supervision.

Freddie Mac's restrictive repurchase review policy on defaulted loans may prevent the GSE from recouping "billions of dollars" in losses from lenders, according to a new investigative report from the Federal Housing Finance Agency.

The Federal Housing Finance Agency as early as this week may release a new discussion paper on restructuring servicing compensation for GSE loans while seeking a new round of public comments on proposed changes.

The SAFE Act and the Nationwide Mortgage Licensing System & Registry it codified were supposed to result in some consistency, if not standardization, in the way originators are supervised on the state level.

Risk mitigation provider Interthinx has launched its Quality Control Review Services product that combines the firm's automated technology platforms with loan-level audit expertise.