Compliance & Regulation

We're hearing that in the wake of the financial crisis traditional advertising and marketing messages from the banking industry may be falling on deaf ears.

Fortress Investment Group has closed its Fortress MSR Opportunities Fund II at $1.1 billion on grounds of substantial future opportunities in the residential mortgage servicing rights market.

The Senate Banking Committee is slated to mark up and vote on a Federal Housing Administration reform bill on July 31.

Mortgage Network was able to pare down redundant systems used in the origination process.

GMAC Mortgage will pay $230 million to compensate borrowers for deficient practices in mortgage loan servicing and foreclosure processing.

Kroll Factual Data found possible fraudulent activity in loan applications increased 1.06% on average between the first quarter of this year and the fourth quarter of last year.

The conspirators supposedly operated a fraudulent timeshare resale scheme in Green Bay that resulted in at least 1,000 victims in 20 states and Canada being defrauded of over $2.3 million.

We're hearing that the Senate is bracing for a fight over the confirmation of Rep. Mel Watt to be the new GSE regulator.

Renewed agency reform and rate increases, as well as agency mortgage-backed securities volatility, increase the need to illuminate repo funding risks.

New York City Comptroller John Liu called on the New York City Housing Authority to reject a plan to raise $750 million in a new bond issue.