Compliance & Regulation

As summer ends and we prepare to kick off the fall conference season (and the new football season), it’s only fitting that we revisit the many ways in which the NFL is like the mortgage industry.

The preliminary title report does not bind the title company.

An industry trade group is pressing the Consumer Financial Protection Bureau to provide more clarity on its servicing rules to ensure an array of loan modification options will be available to troubled borrowers.

Implementing eminent domain may present inconsistencies in solving the root cause of the housing problem in the U.S., create unintended consequences for both borrowers and investors, and inadvertently limit mortgage lending activity, Standard & Poors said in a report.

The Justice Department delivered a subpoena to Clayton Holdings LLC last month for an extensive number of documents related to the firm’s work on residential mortgage-backed securities deals.

The Department of Housing and Urban Development Mortgagee Letter 2013-26 provides minimum underwriting standards for evaluating borrowers who have lost their job or had another event which resulted in reduced income.

Approximately 12.2 million homeowners with a mortgage were in negative equity at the end of the second quarter.

As the industry works feverishly to interpret new guidelines pouring out from the CFPB, there are a large number of changes that must get done between now and the end of this year.

A million dollar residential closing has been postponed on Long Island, N.Y. because of problems obtaining homeowners insurance.