Compliance & Regulation

Mackie Wolf Zientz & Mann, a default legal services provider to the mortgage banking and financial services industries, is expanding its business operations into Tennessee.

When the California Senate Appropriations Committee approved Senate Bill 30, which would extend existing provisions of state law protecting homeowners from having to pay income tax on a short sale, this was supposed to be positive news for Realtors and homeowners.

A large number of mortgage fraud cases involving allegations of kickbacks, straw buyers or both.

Home Loan Servicing Solutions completed an acquisition from Ocwen Financial Corp. of rights to receive servicing fees and other advances on subprime and alt-A residential mortgage loans.

Lender Processing Services has had a turbulent couple of years since the beginning of the robo-signing scandal from 2010 to the present day that included lawsuits, a consent order and several settlements of charges. The robo-signing allegations involved an LPS unit that allegedly created bogus mortgage assignments so that foreclosures may be processed more quickly and efficiently.

We're hearing about new rules in the works for mortgage and real estate professionals in New York.

New Residential Investment Corp. has invested $38 million to acquire certain cash-flow privileges from mortgage servicing rights recently acquired by Nationstar Mortgage.

The vendor relationship guidelines published by the Consumer Financial Protection Bureau are a vague generalization of what they truly require.

Treasuries fell, pushing 10-year note yields above 2% for the first time since March on Wednesday.

John Stumpf believes the government-sponsored enterprises need to be retained in some form because the guarantee they provide is important to investors.