Compliance & Regulation

A property manager and a straw purchaser admitted to participating in a multimillion-dollar scheme that defrauded financial institutions by using phony documents and straw buyers to make illegal profits.

The top leaders of the Senate Banking Committee said they intend to reach a bipartisan agreement by yearend on a bill to revamp the mortgage finance system despite fears that the issue is losing momentum.

Mounting regulations—and legislation still to unfold—continue to cause an extraordinary amount of concern for servicers.

The industry is largely ready for new rules affecting procedures for force-placed insurance on residential properties, but not everyone is.

The Consumer Financial Protection Bureau is coming under pressure to reconsider its position regarding a provision in the qualified mortgage rule that penalizes title companies that are affiliated with lenders.

Gerry Zobrist was sentenced to 87 months in prison for his involvement in a mortgage fraud scheme that caused more than $30 million in losses to lenders.

For the most part what we are hearing is aggravation for title underwriters relating to their title agents.

Grant Mitchell, the former assistant general counsel at the Department of Housing and Urban Development known throughout the industry as Mr. RESPA, has died.

Analysts continue to address single-family foreclosure-to-rent properties as an emerging asset class, but there is consensus this segment of the REO market is on solid growth mode.

The reform bill authored by Sens. Bob Corker and Mark Warner requires credit enhancers to put 10% capital behind every newly issued mortgage-backed security.