Compliance & Regulation

Also, loan officer compensation trial victory for Prospect Mortgage and employment contract news.

Business contingency plans kept originators and vendors humming along at almost normal during the January and February blizzards.

A federal judge ruled Wednesday that the hedge fund's lawsuit against the government will not be thrown out of court, allowing it to proceed with discovery.

Mortgages secured by multi-unit properties pose a higher fraud risk than all other property types, the antifraud technology vendor Interthinx says in its latest quarterly report.

Freddie Mac will return $10.4 billion in profits to the Treasury Department next month, bringing total payments to about $10 billion above what it got in aid under conservatorship.

Due to the roll-out of new regulations and recent supervision reports, servicers are facing more regulatory challenges than at any time in recent memory.

A "tangled web of conflicts could create incentives that harm borrowers and push homeowners unduly into foreclosure," Benjamin Lawsky warns.

Bank of America Corp. disclosed new probes into its mortgage and foreign-exchange businesses and boosted an estimate of potential legal losses by 20% to $6 billion.

The new rules are causing originator sales paralysis because of their complexity.

The Securities and Exchange Commission wants public input on the idea of requiring loan-level data disclosure to be made through an investor website rather than on the public EDGAR system.