Compliance & Regulation

Timothy Shannahan became the fourth person to admit conspiring with Kathryn Sylvester, the former CEO of Sylvester Financial Inc., to commit mortgage fraud.

Mortgage Grapevine poster UpstateMortgageGuy is asking how can someone close loans for professionals like doctors and teachers who are not getting paid during the summer.

In the Illinois Legislature a bill has overwhelmingly passed the House which is designed to reduce the filing of fraudulent documents with the county recorder of deeds.

First-quarter earnings confirm that recent mortgage servicing portfolio purchases already have and will continue to strengthen the financial performance of Walter Investment Management Corp.

The Federal Reserve said some mortgage borrowers who were insufficiently paid as part of a settlement will be sent supplemental checks next week.

The Census Bureau recently reported that the U.S. homeownership rate fell to 65% in the first quarter, down from 65.4 % a year earlier, putting it at its lowest level since the third quarter of 1995.

Cerberus Capital Management is entering the booming market for single-family homes to rent.

Foreclosure activity in April fell to its lowest level in approximately six years, showing signs that a housing recovery is in full effect.

The Consumer Financial Protection Bureau has proposed a number of technical changes to the qualified mortgage rule.

Barclays’ analysts are urging investors to not miss out on the benefits of risk-sharing agency financing rules.