Compliance & Regulation

Generation Mortgage Co. has entered into a consent agreement with the Georgia Department of Banking and Finance to settle allegations the company violated the state’s Residential Mortgage Act.

Lenders still are looking for better ways to encourage borrowers to seek assistance and learn about homeownership.

Old Data is dead, long live New Data.

A bill aimed at speeding up the residential mortgage foreclosure process in Florida made it one step closer to becoming a law.

Bank of America asked a federal judge to dismiss a $1 billion fraud lawsuit filed by the U.S. alleging it sold defective residential mortgage loans to Fannie Mae and Freddie Mac that defaulted.

As the mortgage industry contemplates its future, it is time to also consult with housing counselors.

Since the economic downturn mortgage fraud has been a prevalent issue plaguing the housing industry for several years.

A dispute between a REIT, a healthcare corporation, two nonprofits and the Tennessee attorney general has been resolved resulting in approximately $40 million for charitable purposes within the state.

JPMorgan Chase, Washington Mutual and Citigroup were sued by Integer Program LLC over $301 million in losses from mortgage loans.

Morgan Stanley and WMC Mortgage Corp. were sued by Seagull Point LLC over $476 million in losses from securitized mortgage loans.