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The comment period ended Wednesday on a proposed rule that would forbid mortgage investors and their servicers from foreclosing in the name of the Mortgage Electronic Registration Systems Inc.
June 9 -
The former president of Home Free Realty Inc was sentenced yesterday to serve 51 months in prison for committing two separate real estate fraud schemes.
June 9 -
Regulators on Thursday laid out guidelines for banks with more than $10 billion of assets on how to approach future stress testing.
June 9 -
The Treasury Department is taking disciplinary action against the residential servicing divisions of Wells Fargo & Co., Bank of America, and JPMorgan Chase for failing to comply with Home Affordable Modification Program guidelines.
June 9 -
A Minneapolis mortgage broker was convicted last week of orchestrating a loan fraud that cost local lenders, including Anoka Hennepin Credit Union, losses of more than $4.6 million.
June 8 -
Two federal lawsuits against appraisal management companies could become weapons for mortgage-backed securities investors seeking to make lenders buy back soured loans.
June 8 -
The Consumer Financial Protection Bureau has received more than 14,500 individual comments on its model mortgage disclosure forms.
June 8 -
The Georgia Department of Banking and Finance early this week slapped Kondaur Capital, Orange, Calif., with a final consent order, prohibiting it from lending or buying any loans in the state.
June 7 -
The Homeownership Preservation Foundation has found that nearly half the victims of mortgage loan modification scams were either of African-American, Hispanic or Asian background.
June 6 -
The six regulatory agencies working on the risk retention rule are considering a proposal to extend the comment period until August 1, according to industry officials.
June 6
