Compliance & Regulation

Wells Fargo agreed to an $869 million settlement with Freddie Mac to resolve disputes over faulty loans sold to the government-backed firm before Jan. 1, 2009.

The African-American community lost more than half its net worth as a result of the housing debacle and the ensuing economic crisis.

With a government shutdown looming, it appears the mortgage industry will be mildly inconvenienced as most government mortgage programs will remain open.

NAMB President Don Frommeyer had the experience of a lifetime as an umpire at the BIg League World Series. And he still originates loans as well.

The attorney general said these agreements are one more step in the continuing fight to protect New Yorkers from a range of unfair financial schemes—from predatory loans to illegal foreclosures.

Blackstone Group’s Steve Schwarzman said his decision 19 years ago to sell what would become the world’s largest money manager was a “heroic” mistake.

Analysts are warning investors about the impact of different servicing strategies on the cash flow generated by mortgage servicing rights on securitized delinquent loans.

After servicing 21 years in Congress, Rep. Spencer Bachus, R-Ala., has decided not to seek re-election in 2014.

In a foreclosure situation the emotions that overtake many borrowers can be critical in how and if they survive the trauma and may prevent them from looking for alternatives to their impending foreclosure.

The Department of Housing and Urban Development has issued its proposed version of the qualified mortgage rule for FHA-insured loans and it includes a 3% limit on upfront points and fees.