Compliance & Regulation

The more regulators look into borrower complaints as an indicator of servicing quality, the more servicers are bound to expand borrower-related datasets and behavioral analytics to minimize loan default risk.

The Equifax March National Consumer Credit Trends report shows that a total of $43.1 billion in mortgage loan balances was written off in the first quarter of 2013.

The Consumer Financial Protection Bureau has proposed slight tweaks to help clarify mortgage rules first issued in January.

A federal court has dismissed civil negligence charges against Todd Lane, who had been chief financial officer of WesCorp FCU.

Charles Plosser said he backs a plan for withdrawing monetary stimulus adopted by the Federal Open Market Committee in 2011.

The National Foreclosure Mitigation Counseling program is making $70 million available to various agencies across the country.

Five co-defendants arraigned on various fraud and money laundering charges involving several northwest Arkansas real estate transactions and related financing are pleading not guilty to all charges.

Kroll Factual Data said it saw a 1.6% average decrease nationwide regarding possible fraud in applications it processed in 4Q12 when compared with 3Q12.

As mortgage fraud shifts from a refinance market to a purchase market, a major concern for lenders and servicing shops is how to get their staff ready for the upcoming trend in risk management.

Buyers of failed banks used to partner with the Federal Deposit Insurance Corp. to split losses from noxious portfolios. But such deals are dwindling.