Compliance & Regulation

Mortgage fraud risk is highest in areas with the greatest amount of foreclosures, according to the annual mortgage fraud risk report developed by Interthinx.

CoreLogic Credco, a nationwide provider of merged credit reports, has launched a new data-enhanced version of ENCORE designed to improve the accuracy of loan risk detection and assessment.

Jo’Mell Thomas pleaded guilty in District of Connecticut Court to conspiracy to commit wire fraud from his participation in a mortgage fraud scheme.

A lawsuit filed Monday in Hennepin County District Court in Minnesota by Attorney General Lori Swanson alleges that Meredian Financial Corp. of Costa Mesa, Calif., pretended to be homeowners' current mortgage company in order to gain their trust, then collected fees for refinancing services that were not delivered.

Home builders and Realtors are urging Republican leaders on the House Financial Services Committee to postpone action on eight GSE bills, claiming this could impede a recovery in the housing market.

Certain of the nation's megaservicers have agreed to sign a modified consent order with Federal regulators as part of a first step to inking a final settlement between the industry and 50 state attorneys general, sources familiar with the matter said on Friday.

I want to talk about the purposes we understand ourselves to be serving at America’s new Consumer Bureau. Like any other creature of federal law, our aims start with the authority vested in us by our enabling statute.

The regulator of Fannie Mae and Freddie Mac warned Thursday that congressional proposals to clamp down on the two government-sponsored enterprises could put taxpayers at greater risk.

As the industry copes with the “new normal,” mortgage lenders have three goals in mind when it comes to how they invest in information technology—compliance, managing economic cycles and expanding market share.

An appellate court in Washington late Thursday night granted a stay delaying implementation of the Federal Reserve's loan officer compensation rule until April 5.