Compliance & Regulation

The TD Bank Mortgage Service Index found that over half of the participating consumers expect more from their lenders.

The downgrade reflects an increase in expected losses primarily due to updated property valuations on the specially serviced loans.

As of April mortgage banks large and small are expected to ensure their loan originators take the so-called Uniform State Examination, which by default is relevant to servicers as well.

The U.S. government is resisting an effort by Standard & Poor's to move to the federal level a string of lawsuits by states that charge the ratings agency with misleading investors.

Credit unions are worried a proposal by the Financial Accounting Standards Board to use an expected loss method to measure loan losses will require them to increase loan loss reserves and are calling on the FASB to withdraw the proposal.

The long-awaited goal of simplifying the testing process for mortgage loan originators seeking multiple state licenses took a big step forward on April 1.

FBI agents arrested a New York man for allegedly defrauding investors of $50 million in a real estate Ponzi scheme.

The Bipartisan Policy Center's Housing Commission recommends a model similar to Ginnie Mae, where approved lenders are the issuers of mortgage-backed securities.

A unit of Bank of America Corp.’s Merrill Lynch was sued by a trust seeking more than $309 million in damages for alleged breaches of representations and warranties related to the sale of more than 5,000 mortgages.

PMI Group Inc. said a “well-known private-equity investor” ended talks about taking a minority stake in the reorganized company.