Compliance & Regulation

During the recent housing recovery the industry focus switched on operational efficiency and loss mitigation cost management.

Detroit’s struggles during the latest financial crisis and housing meltdown has been an ongoing issue for a long time.

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.