Compliance & Regulation

MBIA Insurance Corp. received a favorable ruling from the New York Appellate Court, First Department, against Bank of America Corp. and Countrywide Home Loans.

NCUA announced a $165 million settlement with Bank of America over claims that mortgage giant Countrywide, which B of A acquired in 2008, sold faulty mortgage-backed securities to failed corporate credit union giants U.S. Central FCU and WesCorp FCU.

The Obama administration wants to give Federal Housing Administration lenders more breathing room so they can feel confident about lending to a wide range of borrowers without being sued by the government.

360 Mortgage Group is offering a product designed for borrowers who qualify for less than 20% mortgage downpayment loans.

A former GSE regulator is giving a big thumbs up for the Federal Housing Finance Agency’s plan to build a new securities platform that will replace the aging platforms Fannie Mae and Freddie Mac are currently operating.

Piggyback mortgages all but disappeared following the housing bust but they appear to be staging a comeback as lenders continue to gain confidence in the housing recovery.

Springleaf is readying another residential mortgage-backed securities deal totaling $835 million, according to a pre-sale report released by Standard & Poor’s April 2.

Litvin Law Firm has ventured a unique yet quite simple approach to foreclosure risk analytics.

In the latest version of the National Real Estate Post, Frank and Brian discuss the future of the government-sponsored enterprises.

SNR Denton, Salans LLP and Fraser Milner Casgrain LLP have merged into a new polycentric global law firm.