Compliance & Regulation

FirstREX plans to separately fund through an equity investment up to half of the borrower’s downpayment required on a HomeStreet Bank single-family purchase loan.

Mortgage fraud is a problem that servicers and lenders have dealt with for a long time and it does not seem to be going away anytime soon

One economist sees signs that mortgage credit conditions are beginning to loosen.

New York Attorney General Eric Schneiderman announced on May 7 plans to sue Bank of America and Wells Fargo for allegedly violating their obligations under the national mortgage servicing settlement.

Scott Simon, a managing director and head of mortgage-backed securities at Pacific Investment Management Co., is bucking the conventional wisdom that says Fannie Mae and Freddie Mac need to be reformed to encourage private capital to move back into the housing market.

Oscar Torres pleaded guilty to participating in two separate mortgage fraud conspiracies that involved bank losses of over $20 million.

In issuing the qualified mortgage rule, the Consumer Financial Protection Bureau wanted to insure the new regulations would not disrupt the mortgage market.

Reflecting on the industry forecast offered by Mortgage Bankers Association economists Jay Brinkmann and Michael Fratantoni, three different images are coming to mind.

As servicers try to comply with all of the new industry regulations being issued today, ISGN is doing their part in helping companies maintain compliance to these regulatory requirements.

Attorney Herman Thordsen, whose Mortgage e-Alerts appear on OriginationNews.com, has some advice for originators in a post he made on the Grapevine.