Compliance & Regulation

True to his efforts to bring the culprits to pay for perpetuated damages New York Attorney General Eric Schneiderman is awarding mortgage settlement money from the top banks to blighted communities.

Five states and New York City will receive money to assist communities with remaining housing, economic development and infrastructure needs.

Lester Soto admitted to carrying out two related mortgage fraud conspiracies that resulted in losses of more than $30 million.

Sen. Elizabeth Warren weighed in publicly for the first time on the substance of the housing finance reform debate on Tuesday, endorsing a limited but explicit government guarantee, strong underwriting rules and servicer oversight, and secondary market access for smaller institutions.

Home price adjustments of recent months have not been significant enough to benefit all the homeowners who continue to be underwater.

Mortgage brokers are concerned about their ability to continue rebating funds to the customer after the qualified mortgage rule goes into effect.

More than three years after The Hardest Hit Fund was established, just 22% of the $7.6 billion has been spent on relief efforts to help distressed borrowers, a TARP IG report says.

Michigan’s new public, private civic partnership is implementing a revitalization philosophy likely to transform metro Detroit and some of the nation’s hard-hit areas with high inventories of abandoned homes.

Guarantee fees are "closer" to risk-based pricing in the private sector but still need to increase, according to the Federal Housing Finance Agency's acting director.

While the housing market is slowly picking up steam, there is still a very large inventory of distressed loans that pose a potential risk to the mortgage industry.