Compliance & Regulation

Origination News is looking back at the stories for 2013 which had the biggest effect on how loan officers did business. Plus, the outlook for 2014.

The plan resolves more than $100 billion in potential lawsuits.

There’s plenty of risk out there, with flash floods in the mountains, mudslides in California, wildfires and killer tornadoes.

Foreclosure filings continued to fall in November, due in large part to the fewest amount of homeowners starting the process since December 2005.

Senate Banking Committee leaders raised objections, claiming it would make “real” GSE reform more difficult.

For many politicians, GSE reform is a shorthand term, which translates into their plan to shut down the government-sponsored enterprises in favor of an untested system of housing finance.

The Jacksonville, Fla.-based company will give the FDIC $24 million in cash and a $24 million promissory note to terminate loss-sharing agreements related to its Bank of Florida acquisition.

The firm has entered into a definitive agreement with an undisclosed national depository to acquire a pool of mortgage servicing rights backed by Fannie Mae.

A big increase in short- and long-term affordable rental housing demand means the window of opportunity for multifamily and foreclosure-to-rent investors and developers nationwide continues to expand.

A more mature bank-owned foreclosure-to-rental property market is attracting a different type of investor into this new reality and likely changing how business will be done in 2014, an insider says.