Compliance & Regulation

Jeffrey Whaley of Sevierville, Tenn., faces five years in prison for his May 2012 federal convictions for wire fraud, bank fraud and money laundering arising from a mortgage fraud scheme.

Home Loan Servicing Solutions and HLSS Management have entered into a senior secured term loan facility agreement with JPMorgan Chase Bank.

There has not been a great deal of buzz surrounding the CFPB complaint database thus far, but servicers could gain valuable perspective simply by understanding the process.

In the circles in which I travel, discussions related to the Consumer Financial Protection Bureau have not been favorable.

Ballard Spahr’s long-term expansion goals have now led to the creation of Ballard Spahr Stillman & Friedman in New York.

The Federal Reserve Board has ditched a stringent and complex Basel III risk-based capital rule for residential mortgages and decided to leave the current risk weights in place for all banks.

Two officers of an Arizona mortgage lender are going to prison for defrauding a Troubled Asset Relief Program recipient.

Mutual thrift defections from the Office of the Comptroller of the Currency should decline now that once-nervous bankers have gotten a chance to get familiar with the regulator.

Standard & Poor's Ratings Services said it raised its long-term issuer credit rating on District of Columbia Housing Finance Agency by one notch to A from A-minus.

Another 10 states have adopted a uniform mortgage loan officer test that makes it easier for MLO’s who want to be licensed in multiple states.