Compliance & Regulation

During 2008 and 2009, a contractor who worked on several HPD construction projects paid Adorno $100,000 to obtain additional work from the city agency.

The Consumer Financial Protection Bureau has advised banks and other financial companies how to respond to an investigation to minimize the risk of punishment.

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.