Compliance & Regulation

Fannie Mae and Freddie Mac are working with their regulator to adopt new appraiser independence standards that reflect changes mandated under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

While not on the radar of many credit unions, the SAFE Act, which goes into effect on Oct. 1, could have a major impact on mortgage lending by credit union service organizations, or CUSOs.

Technology provider DataVerify has enhanced its enterprise-wide fraud management platform, DRIVE, to help mortgage lenders identify and avoid potential short sale and property flipping losses.

As technical director of the Financial Accounting Standards Board, Russell G. Golden is the person to whom financial institutions have been addressing their comment letters on a controversial proposal that would expand the use of 'fair value' accounting. Starting Oct. 1, bankers will be even more interested in seeking Golden's attention.

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.