Compliance & Regulation

Following its aggressive mortgage servicing portfolio expansion, Walter Investment Management Corp.’s drastic $142.8 million annual net income increase in the second quarter was not much of a surprise.

We're hearing there is a growing consensus that Fannie Mae and Freddie Mac should be wound down and replaced with a new system that relies more on private capital than government guarantees.

It is not easy to be an agency mortgage investor, particularly not with uncertainty about the longevity of Fed intervention and government-sponsored enterprise reform pending.

An Orange, N.J., paralegal has pleaded guilty to participating in a mortgage scam that cost defrauded financial institutions at least $2 million.

The Rancho Santa Fe, Calif., business operator is alleged to have obtained $2.2 million in mortgages using false information, including some agency loans.

Origination News had a roundtable discussion with the officers of the Florida Association of Mortgage Professionals at the group's annual convention in Orlando, covering such issues as rising rates, recovering markets and regulation in the state.

The American Securitization Forum is urging mortgage servicers and trustees to reject offers that the city of Richmond, Calif., is making to buy mortgages out of private trusts at deeply discounted prices or face eminent domain proceedings.

Comparative data on servicers of securitized residential mortgage loans show RMBS investors are likely to shoulder higher carrying costs due to long and lengthening completed foreclosure timelines.

Eminent domain is a bad idea. Let’s put this as clearly as possible: cities, counties, don’t do it.

The federal government’s 2009 Home Affordable Modification Program requires the bank to offer permanent adjustments to homeowners who met the terms of a trial-period modification.