Compliance & Regulation

With single-family credit tight, multifamily lending remains hot, but its fate also depends largely on public policy. Fortunately for Pru, this part of its multifamily business is run by Paige Warren, a woman with government experience, ties and insight.

New York's banking regulator unleashed a verbal assault on nonbank servicer Ocwen Financial Wednesday, saying the company's claims about tech-driven efficiencies are "too good to be true."

Sens. Tim Johnson and Mike Crapo are close to unveiling a highly anticipated bipartisan bill to overhaul the mortgage finance market as the window for moving legislation this year continues to narrow.

Centralized databases inside the loan origination system provide an efficient way to comply with the Qualified Mortgage requirements and more efficiently use loan information from origination to servicing and securitization.

These are the documents originators should be telling their customers to bring during the application process.

Leading origination outsourcer cites "input" from activist investor Orange Capital.

The court’s finding in one case is consistent with the provision in the mortgage that allows the lender to do whatever is necessary to protect the value of the property.

The Securities and Exchange Commission imposed the ban after Lee Farkas was found guilty of bank, wire and securities fraud in April 2011 and sentenced to 30 years in prison.

Now that many experts are heralding the end of the foreclosure crisis, we are seeing fewer headlines about the shadow inventory that servicers are holding in their portfolios.

The Consumer Financial Protection Bureau's new notification requirements for property valuations have rekindled old debates over appraisal alternatives and are expected to add costs alongside yet another layer of mortgage litigation risk.