Compliance & Regulation

Concerns about the integrity of foreclosed property management costs are prompting Fannie Mae and its government overseer, the Federal Housing Finance Agency, to take a hard look at the GSE's controls.

The California Department of Real Estate has issued an internal directive to start broker office surveys, which include unannounced and unscheduled visits to brokers' offices.

ProVest, a legal services firm that manages the delivery of documents for foreclosure proceedings, has expanded its operations in the Midwest region.

Real estate agents in some markets say sales are surging, with many houses attracting multiple offers.

JPMorgan Chase & Co. defeated most of a lawsuit brought by Dexia SA over about $1.6 billion in mortgage-backed securities it bought before the financial crisis.

The independent foreclosure review process was disorganized, ineffective and inconsistent, according to a draft report by the Government Accountability Office.

During the downturn, the percentage of banks that exceeded the 100% capital line on construction lending declined from 35% in 2008 to 11% in 2011.

Atlanta Federal Reserve Bank President Dennis Lockhart said the Fed will probably need to press on with asset purchases later into this year or into 2014.

Mislabeling by the Consumer Financial Protection Bureau has exaggerated the number of consumer complaints the bureau received regarding mortgage brokers.

California’s housing counselors find the nation’s largest banks already are failing to comply with the National Mortgage Settlement and the state’s Homeowners Bill of Rights.