Compliance & Regulation

Lenders and servicers are worried about the cost of dealing with widows and widowers who didn't sign the mortgages if they can't be foreclosed upon.

When a lawyer wields a regularly updated, 150-page compliance manual as evidence against a mortgage servicer, it's more important than ever to make sure company documents are heavy on details.

The former Wells Fargo Home Mortgage loan officer faces up to 30 years in prison for his role in the conspiracy.

Lenders won't be getting an eighth active mortgage insurance underwriter to choose from after all. But they may get repaid faster on claims from a carrier that's been winding down.

The Federal Housing Finance Agency, Fannie Mae and Freddie Mac will suspend work on the Uniform Mortgage Servicing Dataset to conduct a fact-finding exercise to identify broader data standardization needs in the servicing industry.

The slowdown in housing since the middle of last year reflects a pickup in borrowing costs, declining affordability, limited job growth and, more recently, bad weather.

For the first time since the financial crisis of 2008, consumers are prioritizing their mortgages ahead of their credit card payments, according to TransUnion.

Roughly 167,800 families who face foreclosure will receive housing counseling through the eighth round of funding from the National Foreclosure Mitigation Counseling program.

WASHINGTON -- The Federal Reserve Board on Wednesday took yet another step in unwinding its bond buying program, paring it to $55 billion.

As home equity lines of credit hit the five-year mark and borrowers have to start repaying principal, lenders might have to modify these second liens to avert defaults.