Compliance & Regulation

Visitors to the Grapevine discussion board talk about the "fine print" involved in certain contracts and what the future might look like for those lenders doing hard money loans.…

It’s good news for the state of Arizona. Attorney General Terry Goddard has been awarded a $1.7 million grant from the U.S. Office of Justice Programs to fight mortgage fraud in his state.

The owner of a title company in Red Bank, N.J., pleaded guilty to stealing $3.8 million in loan proceeds intended for payment of mortgage balances and other closing costs.

As you think of the suspense-filled spy movies in which the hero must defuse a bomb to save the city, you can hear the familiar “tick, tick, tick” of the bomb’s time clock. With ninja-like precision the hero cuts the yellow wire, or maybe the red wire, just in time to stop the clock, neutralize the bomb, and save the day.

Countrywide Financial Corp. founder and former chief executive Angelo Mozilo must face trial on regulators' claims he misled investors about risks tied to subprime lending, a judge ruled.

Adult child loses home to foreclosure and bankruptcy. Now lives in a fine home a month later? It is possible with an FHA loan. Adult parent over 62 can take out a reverse mortgage to purchase a home in parent name only. Adult child with family can move in and live with parent as long as parent is only one on reverse mortgage loan. It could happen.

MERSCORP, Inc. has added a new certified vendor of digital certificates for identification and signatures to its website.

After months of speculation and more than a week of fevered media coverage on the topic, President Obama formally picked Elizabeth Warren on Friday as assistant to the president and special advisor to Treasury Secretary Tim Geithner in charge of creating the Consumer Financial Protection Bureau.

A bankruptcy judge has approved a settlement between the Federal Deposit Insurance Corp. and the now-defunct Taylor Bean & Whitaker over the ownership of more than $1 billion in disputed loans and mortgage-related assets.

The Mortgage Bankers Association wants regulatory relief for lenders that rely on underwriting decisions made by FHA's 'TOTAL Scorecard' program, including an exemption from the agency's Neighborhood Watch system which displays the delinquency performance of individual firms.