Compliance & Regulation

Lenore Albert, a plaintiff's lawyer in Huntington Beach, Calif., says the consent orders federal regulators recently issued against the largest mortgage servicers gave her "another tool" to fight foreclosures.

The Federal Housing Administration has selected 18 lenders to test borrower demand for loans that can make their homes more energy efficient.

Lee Farkas isn’t exactly a household name in America, but this week he became the first mortgage executive of a once top ranked lender to be found guilty of a fraud with its roots in the housing bust.

The head of a county land registry in Massachusetts is requesting his office close its deposit account with Bank of America in protest of the bank’s affiliation with MERSCorp Inc., which runs the Mortgage Electronic Registry System.

Wells Fargo Home Loans is telling its correspondent lenders and brokers they cannot vary the compensation they pay their loan officers based on the mortgage product.

The Federal Reserve Board this week began soliciting public comments on a proposed rule that would give mortgage lenders two ways to show they have sufficiently vetted a consumer's "ability to repay" a mortgage.

The Federal Trade Commission has mailed 1,410 refund checks totaling an estimated $2.3 million to consumers allegedly defrauded by Home Assure LLC, a so-called mortgage foreclosure rescue service.

A developer is suing Bank of Utah for allegedly participating in a fraudulent scheme relating to a $5 million construction loan.

For the fifth time in the past four weeks, Shaffer & Gaier LLC forced the dismissal of a foreclosure action that was recently filed by a major lender.

A Hartford, Conn., jury has found four more individuals guilty of multiple federal offenses related to their participation in an extensive mortgage conspiracy that defrauded lenders of more than $3.2 million.