Compliance & Regulation

The Lenders' Choice Award commends the technology provider that offers the best customer service, value proposition and overall user experience. The winner is selected by a vote of industry professionals from mortgage lending and servicing institutions. Learn about this year's finalists and see who won the 2014 MT Award.

The guarantee fees collected by Fannie Mae and Freddie Mac could be used as a tool to moderate the boom and bust cycles in the housing market, according to a new report by a Treasury Department office.

Social media broadly distributes information to users of financial services, yet also creates a new sphere for potential compliance risks, especially for servicers.

Experian will now offer FICO credit scores through its direct-to-consumer products, the Costa Mesa, Calif.-based credit bureau announced today.

Data Facts Inc., a mortgage credit report and verification services provider based in Cordova, Tenn., has adopted AccountChek, a deposit verification service provided by FormFree.

The ongoing push for more robust loan data will continue in 2015, as market participants across the mortgage lifecycle adopt new regulatory requirements and take advantage of recent developments in paperless processing and self-service capabilities.

Fitch Ratings downgraded Ocwen Financial Corporation's bond rating from B to B- with a negative outlook after the sudden departure of the company's chairman following a settlement with the New York Department of Financial Services.

Aaron Seltzer, an attorney from the eastern shore of Maryland, pled guilty earlier this week to wire fraud connected to a real estate investment scheme.

The government-sponsored enterprises' changes to their representations and warranties regulations could increase lending — and some risks. Here's the downside to the move and how lenders can mitigate related concerns.

Credit Suisse Group AG (CSGN) was ordered to face a lawsuit by New York's attorney general accusing the bank of fraud in sales of mortgage-backed securities before the recession.