Compliance & Regulation

For lenders who are concerned about "subpar" appraisal quality, it's important to have a technology platform in place to manage multiple AMCs and compare the work of different outsource vendors in order to determine which ones are the best to use.

Now that the industry has moved to a full-doc environment, application misrepresentation is happening on the back end of the business where "it's like doing new origination" and there is the most room for potential fraud in documentation.

Ginnie Mae is raising its net worth requirement for mortgage-backed securities issuers, requiring them to meet bank-like capital standards.

Critics of the government's HAMP program are blaming the Treasury for failing to take into account the massive debt of defaulted mortgage borrowers.

Nearly 1,200 depositories have been hit with an enforcement action made public by federal regulators since the start of 2008, and that number is expected to climb at an accelerated rate.

The Rural Housing Service said it is working on implementation of a new premium structure that Congress approved in July and hopes to start approving loans once the system updates are ready.

Mortgage insurance companies, which have been bleeding massive amounts of red ink for two years, could see their prospects brighten in a post-Fannie Mae/Freddie world, according to one proposal making the rounds in Washington.

Applicants for mortgage originator licenses who fail their national and state exams don't do very well if they decide to take the tests over again.

The Obama Administration isn't waiting until the Senate confirms a director to head the new Consumer Finance Protection Bureau to begin implementing "the most significant financial reform legislation since the Great Depression."

Flim-flammers who promise to help troubled borrowers obtain loan modifications are going to extraordinary lengths to snare their next marks, even so far as hanging out in restrooms.