Compliance & Regulation

The California Department of Corporations has halted a multimillion-dollar investment fraud by CanAm Capital Corp. and individuals associated with the Los Angeles-based venture capital and private equity firm.

What will the legacy of the robo-signing scandal be? Will it be more careful servicers who don’t cut corners under pressure from huge pipelines of foreclosures? Will it be large settlement payouts by the largest servicers involved in the mess?

The U.S. Attorney General is investigating alleged violations of regulations that protect active-duty military personnel from high mortgage interest rates and foreclosures.

The countdown clock on the Federal Reserve's rule to limit mortgage brokers' pay still has two months to go, but the shake-up is under way.

The Treasury Department has revamped its short sale program by easing income restrictions and documentation requirements for homeowners facing foreclosure. The changes are effective Tuesday, Feb. 1.

As of Jan. 1, the Department of Real Estate has issued over 22,000 mortgage loan originator license endorsements. MLO license endorsements applications continue to flood in and the DRE expects to eventually issue over 30,000 endorsements. (cadrepr12011)

The Coalition to Stop Wall Street Home Resale Fees is demanding Freehold Capital Partners to release a list of properties that are paying predatory fees that they are unaware of.Wall Street Home Resale Fees are incorporated into home covenants that filter money from homeowners to private third parties that have no ongoing relationship with the property.

Rep. Darrell Issa, R-Calif., and other Republican lawmakers Friday introduced legislation to end the Home Affordable Modification Program.

The Coalition to Stop Wall Street Home Resale Fees is demanding Freehold Capital Partners to release a list of properties that are paying predatory fees that they are unaware of.Wall Street Home Resale Fees are incorporated into home covenants that filter money from homeowners to private third parties that have no ongoing relationship with the property. Freehold Capital Partners said there is $600 billion in real estate nationwide that is subject to the fees.

Now that the President's first pick to be the new GSE regulator has bowed out due to Republican opposition, the White House will likely appoint an administration official who has already been confirmed by the Senate to run the agency.