Compliance & Regulation

While arrangements to finance MSRs may represent the cheapest way to address liquidity, other avenues of adding cash may be available and necessary.

Clayton Homes, the manufactured-housing business owned by Warren Buffett's Berkshire Hathaway Inc., uses aggressive sales and lending practices that traps some borrowers in homes that are difficult to resell, the Seattle Times reported.

Holders of servicing rights will soon demand more than the basics from these third-party providers. Subservicers may be expected to help promote an institution's nonmortgage products or provide portfolio analytics.

Chase has provided more than $2.2 billion of the $4 billion it owes in consumer relief credit, according to the monitor of JPMorgan Chase's settlement.

The mortgage and title industries are creating training programs to teach those in the home sales process this is not just a swapping out of two forms for new ones.

The red pens have come out as members of the real estate industry start to critique the Consumer Financial Protection Bureau's new mortgage shopping toolkit less than a day after its release.

The chance to earn higher compensation and the ability to offer more mortgage products is causing a growing number of loan officers to go out on their own.

All areas identified by the CFPB in its supervisory report have particular relevance to the mortgage industry, and lenders should review their compliance with the large-scale subject matter areas that the CFPB is committed to enforcing.

The bill would require written contract amendments, signed by the lender, for most loans. Legislators took up the issue after a judge in the state sided with a borrower's claim of having an oral agreement from Bank of America to modify a mortgage.

Wells Fargo's quality-control procedures will play a key role in a closely watched mortgage-fraud case that could go to trial this summer. Federal prosecutors are using the bank's internal reports to allege its executives knew about deficient loans.