Compliance & Regulation

Judging from the audience's response at a special session on mortgage credit during the National Association of Realtors' Midyear Legislative Meetings in Washington, appraisals are still a big issue for front-line realty agents.

After months of stalemate, the state attorneys general have proposed new terms to the top five mortgage servicers that drop some controversial provisions of their first attempt at a settlement, including a push to force banks to reduce principal on thousands of mortgages.

Certain small banks have stopped originating Federal Housing Administration loans because of the costs of a new audit requirement that went into effect April 1, according to the Independent Community Bankers of America.

While President Obama is the one who chooses nominees for key financial services policy posts, it is a Republican from Alabama, Sen. Richard Shelby, who appears to have a big say in whether a candidate is actually confirmed.

Reported incidents of subscriber-verified mortgage fraud and misrepresentation by industry professionals have decreased from 2009 to 2010, according to a recent report by the LexisNexis Mortgage Asset Research Institute. Actual incidents, however, as opposed to reported, are believed to be up.

An over-concentration of subprime mortgage-backed securities caused the failure of Members United Corporate Federal Credit Union, the one-time $14 billion corporate CU that is restructuring itself, the National Credit Union Administration said in a new report issued late Monday night.

Because as important as our work together has been these last several decades, it’s about to become even more important. Around HUD, I’m known as a “numbers guy” and when it comes to the baby-boom generation, the numbers don’t lie.

BrokerPriceOpinon.com has developed a solution for lenders, investors and insurers who are engaged in disputes over values on aged inventories of properties.

After 77 million Sony PlayStation Network users recently had their personal identifiable information breached, Equifax is advising consumers to look into a product that offers more than just a free fraud alert to prevent this from happening in the future.

A prominent Republican is raising concerns about covered bonds and the risks they may pose to the federal deposit insurance fund.