Compliance & Regulation

Ambac Financial Group, the bankrupt holding company for bond insurer Ambac Assurance Corp., filed a plan of reorganization in bankruptcy court this week, but quickly came under criticism from the Wisconsin regulator in charge of overseeing Ambac Assurance.

The Capital Markets and Government Sponsored Enterprises Subcommittee on Tuesday will consider seven new bills to reform the operations of Fannie Mae and Freddie Mac, including one that prevents the Treasury from lowering the current 10% dividend the two pay to the government.

Because of the large number of repurchase demands by investors suspicious activity reports involving mortgage fraud rose by 31% in the first quarter.

Ever look at the word analogy? It’s an interesting word that isn’t directly used all that often but its meaning is a mainstay of American chat and storytelling.

Brett Matheson, a Phoenix real estate investor, has pleaded guilty to conspiracy to commit wire fraud in relation to a $50 million mortgage fraud scheme.

A group of real estate investors have been caught by the Department of Justice for their attempt to rig bids and commit mail fraud at public real estate foreclosure auctions in California.

A San Diego judge recently ruled that there is enough evidence for a former local police officer and his wife to stand trial on felony charges in connection with the trashing of their foreclosed French Valley home, which was financed by San Diego Metropolitan Credit Union.

Almost three years to the day of seizing IndyMac Bank, the Federal Deposit Insurance Corp. launched a civil action against its former CEO, saying he "negligently" allowed the thrift to keep making risky loans despite signs of market stress.

Unemployed borrowers with an FHA loan will not be required to make any full payments for at least 12 months – and possibly more – under a new HUD program unveiled Thursday morning.

Two separate MBS-related regulatory settlements involving hundreds of millions of dollars restitution to investors were seen late last month and the Securities and Exchange Commission indicated similar cases would remain a priority for it going forward.