Compliance & Regulation

Banks can expect changes to federal reporting requirements for mortgage data, according to the head of the Consumer Financial Protection Bureau.

Kenneth Tebbs has been sentenced to 78 months in prison after pleading guilty to one count of wire fraud in connection with a real estate investment scheme.

Sen. Bob Corker, a co-author of legislation to overhaul the mortgage finance market, forcefully defended his proposal that private capital take at least 10% of the first loss on mortgage-backed securities.

One mortgage executive pointed out that a complaint about a mortgage or servicing is a lot more personal than the standard banking complaint.

Keep Your Home California launched an online Servicer Scorecard that allows distressed borrowers to monitor how their mortgage servicer is working with the state-run program to avoid foreclosure.

The company said its trading suspension order will remain in effect for the ten-business-day period ending Oct. 1 with shares eligible to resume trading on Oct. 2.

Richmond’s plan to keep homeowners out of foreclosure by seizing underwater mortgages through eminent domain is a credit negative.

Barclays’ latest regional housing update report singles out Meritage as the builder with the “most attractive” metropolitan statistical area exposure among homebuilders.

RES.NET has improved its technology to help make the resale transaction process more expedient and simple for brokerage companies.

The restitution may make the credit unions whole as separate settlements with their insurer, CUMIS Insurance Society, and Fannie Mae preceded it.