Compliance & Regulation

The nation's largest mortgage lender is exploring the sale of some servicing rights because the market is flush with potential buyers and it sees little opportunity to cross-sell many servicing clients.

Bill McBride of Calculated Risk finds the August Las Vegas housing market trends are offering the best window so far into whether the residential real estate inventory has bottomed.

Safeguard Properties is being sued by the state of Illinois alleging that the company violated the Consumer Fraud Act by illegally dispossessed occupants from their homes without proper jurisdiction.

The HUD Inspector General and Department of Justice officials are in settlement talks with some the largest Federal Housing Administration lenders.

One poster is seeking an answer from the Mortgage Grapevine community regarding investment property refinance guidelines.

The House Majority Leader's failure to include mortgage finance reform in his legislative agenda for the fall has sparked more questions about whether Rep. Jeb Hensarling, Patrick McHenry and others can advance his legislation to the floor this year.

Speculation is growing that the GSE regulator is considering a reduction in Fannie Mae and Freddie Mac’s base loan limit to $400,000 from $417,000.

The Massachusetts attorney general said that Barclays will pay $36.1 million to settle allegations that it financed, purchased and securitized residential loans during the subprime mortgage meltdown.

Wells Fargo will invest $11.4 million to help accelerate the economic recovery through neighborhood improvement projects in 25 cities affected by the foreclosure crisis.

Progress Residential, a single-family rental company started by former Goldman Sachs Group partner Donald R. Mullen Jr., obtained a $400 million credit line from Deutsche Bank AG.