Compliance & Regulation

Given the severe global impact attributable to the mortgage crisis, careful thought regarding the leading risk factors is valuable.

Lawmakers are beginning to look more closely at the impact of a hike in federal flood insurance premiums set to go into effect next month, which some bankers warn could topple the still weakened real estate market in certain regions.

A California thrift's experience with mortgage servicing could give banks a reason to reconsider plans to ditch the business despite concerns about new regulations.

An executive with Residential Finance Corp. has confirmed that the company has closed an operations center in Charlotte.

USA Mortgage/DAS Acquisition finds purchases are filling in the gap as rates have risen and refinances have dwindled in lines with national trends.

Private-equity firms and hedge funds are increasing their control of the rights to collect America’s monthly mortgage payments, an almost $10 trillion market that banks are retreating from amid looming regulations.

Freddie Mac is extending mortgage relief policies to Colorado homeowners whose properties were damaged or destroyed due to the recent flooding in the area.

The operators of a national online foreclosure rescue scam that deceived hundreds of distressed homeowners into surrendering their properties to the company have been sentenced.

An order from the U.S. District Court for the Northern District of California filed Monday formally dismissed the suit in line with comments made by the adjudicating judge at a hearing late last week.

The industry needs to realize that the only way lenders and servicers can possibly protect themselves from future lawsuits, claims, buybacks or loan disputes is to take everything they do into the electronic realm.