Compliance & Regulation

Freddie Mac's fraud investigation unit is reaching out to Realtor associations and real estate agents to educate them about how to prevent fraudulent short-sale activities from taking place.

Credit Suisse and the real estate firm Cushman & Wakefield are being sued by two resort developers for fraud and RICO conspiracy charges.

A real estate agent from Brooklyn, N.Y., has been indicted for participating in a mortgage fraud scheme where he obtained more than $50 million in loans from several banks and lenders.

A new integration into the Mortgage Builder loan origination system allows users to order CoreLogic income verification services directly from the LOS.

A victim in a foreclosure scam and sale/leaseback transaction cannot state a TILA claim because the victim is not a “consumer” and the transaction is not a "consumer credit transaction" within the meaning of TILA. See Scott v/ Dearcp REO. Inc.TILA ¶¶ 1.04[16]. 1.04[17],U.S.D.C. NJ.

Fannie Mae has agreed to settle multi-million dollar claims brought by several of the biggest victims of the massive CU National Mortgage scandal, more than two years after the fraud brought down the largest independent mortgage wholesale provider to credit unions.

The Government National Mortgage Association said late Friday that it is expanding the parameters for loans to be repurchased from its trusts to include those that have successfully completed a three-month trial payment period.

Alex Gambini, the former owner of First Advantage Financial Services, Hamlin, Pa., will spend at least four years in prison for participating in a fraud scheme where he inflated property mortgages.

A rare public rebuke of a rogue attorney general by his colleagues has highlighted the dysfunction among the state AGs and raised doubts about their ability to strike a settlement deal with the nation's largest mortgage servicers.

A U.S. District Court judge in Oregon issued a pair of rulings in favor of Merscorp subsidiary Mortgage Electronic Registration Systems, Inc., but it remains unclear how those rulings will impact MERS' appeal of a third case where a second federal judge vacated an Oregon borrower's nonjudicial foreclosure.