Compliance & Regulation

New findings reiterate the need for expanded access to financial coaching services that result in greater overall economic stability for low- to moderate-income families and the country at large.

A bipartisan group of senators has proposed replacing Fannie Mae and Freddie Mac with a newly created government reinsurer.

No one knows how many borrowers have ended up in foreclosure as a result of the continued use of dual tracking.

In this segment of a roundtable discussion from the 2013 Mortgage Bankers Association’s National Fraud Issues Conference, the panelists explain how a closing agent is now doing a vendors job verifying the information that is submitted on a loan application.

Residential Capital will ask a judge today to approve a $2.1 billion deal with its parent Ally Financial Inc. before unveiling a report into the disputes they settled.

After including new issuance the so-called serious delinquency rate is at 8.2%.

Freddie Mac is preparing to market mortgage securities that will share with investors the risk homeowners don’t repay their government-backed loans, according to a person with knowledge of the plans.

The Miami Beach home of Centrust’s former chairman David Paul was sold for $30 million.

Last November, Lorraine Brown pleaded guilty to conspiracy to commit mail and wire fraud. In May, she was sentenced to a 40-month prison term on a racketeering charge in a robo-signing case in Michigan.

Banks face a looming financial risk from home equity loans, an international ratings agency is warning.