Compliance & Regulation

Carrington Mortgage Services and the Attorney General of Ohio have reached an agreement to work collaboratively in order to help struggling homeowners who are facing foreclosure.

GMAC Mortgage has deals in place with the 19 government agencies that are participating in a ‘Hardest Hit Fund’ to provide assistance to distressed mortgage borrowers.

The much-maligned Capital Purchase Program — better known as the bank bailout — is turning out to be a decent investment for the federal government.

California Attorney General Kamala Harris is creating a task force aimed at cracking down on mortgage fraud in the country's largest state, according to a report in the Los Angeles Times.

While a religious group was predicting the imminent Apocalypse last week, a set of financial services industry representatives were warning of the possible end to their own world — the collapse of the securitization market.

Republican lawmakers have drafted a proposal that would raise the minimum downpayment on Federal Housing Administration loans to 5% and drastically scale back the size of the federal mortgage insurance program, according to trade group officials familiar with the effort.

Regulators' mortgage servicing consent orders require the nation’s megabanks to conduct a thorough review of their foreclosures. On Friday they were told what "thorough" means.

After Interthinx’s mortgage fraud risk report found that employment and income fraud increased by 30% in 2010, the provider of risk mitigation solutions has added new features to its FraudGuard tool.

The Detroit Police and Fire Retirement System filed a lawsuit against Paramount Limited LLC for committing a Ponzi scheme that defrauded millions of dollars from the system.

A New Jersey man who owned and operated two foreclosure rescue companies has pleaded guilty to his role in a mortgage fraud scheme in order to commit wire fraud and money laundering.