Compliance & Regulation

New policies spell out "business interactions" between mortgage insurers and servicers.

The pass-through deal consists of beneficial interests in a three-year loan, floating-rate loan that has two one-year extension options, according to Fitch. Five mall properties cross-collateralize the mortgage.

Borrowers whose homes were damaged by the November tornadoes are being offered mortgage relief options by the government-sponsored enterprise including forbearance for up to one year.

An outsourcing services provider is buying a capital markets consultancy for $75 million, and separately a mortgage company is outfitting its new servicing unit with lien-release technology.

The Senate Banking Committee is making progress toward drafting legislation to overhaul the mortgage finance market, but one of the biggest unresolved issues is how much skin in the game private market participants must have in return for a government guarantee.

Government cops have been responsible for recouping nearly $5 billion from fraudsters since 2008.

Boston Community Capital is urging lawmakers to extend the Mortgage Forgiveness Debt Relief Act before it expires at the end of the December.

The deal releases the lender from certain existing and future repurchase obligations for approximately 716,000 loans originated between January 2000 and December 2009.

If Congress allows the Mortgage Forgiveness Debt Relief Act to expire, homeowners who restructure their mortgages or are foreclosed upon would be required to pay taxes on canceled debt.

New standards give borrowers the upper hand in seeking loan modifications.