Compliance & Regulation

WASHINGTON — Even as he favored a broader exemption from risk retention than currently proposed, Rep. Barney Frank said Monday regulators should not undermine skin-in-the-game rules by turning the exception into the rule.

State advocates hoping that Tom Curry will dial back preemption rules may be disappointed.

Appraisal management software provider Global DMS integrated its Global Kinex platform to the Uniform Collateral Data Portal, the technology recently launched to deliver appraisals to Fannie Mae and Freddie Mac.

The board set up to finance and operate a new state teaching hospital in New Orleans has withdrawn its request for federal enhancement of revenue bonds needed to build the $1.2 billion University Medical Center.

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.