Compliance & Regulation

Ed Gerding, senior fraud and risk strategist at CoreLogic, said short sale fraud is popular today due to the unprecedented levels of shadow inventory, high volume of overall distressed real estate inventory and relatively low property values.

Bank of America cut about 5% of staff in its appraisal unit last month as the firm rid itself of delinquent mortgages.

When does a warehouse loan become a loan, and who owns it?

Mortgage servicing market insiders are monitoring regulators with the same attention federal and state legislators are monitoring mortgage banks in general and mortgage servicers in particular. The impact of this dynamic is significant and ongoing.

A Dallas woman who represented herself as a real estate investor to run a scheme that defrauded residential mortgage lenders has been sentenced to more than five years in federal prison.

Several of the nation’s largest mortgage servicers, housing counseling nonprofits and insurance companies gathered in New Jersey to offer face-to-face assistance to New Jersey homeowners affected by Hurricane Sandy.

The National Fair Housing Alliance and the Consumer Federation of America are adding to the chorus of supporters urging Congress to renominate Richard Cordray as director of the Consumer Financial Protection Bureau for a second term.

Fannie Mae and Freddie Mac have been selling their marketable MBS out of their investment portfolios over the past three years while accumulating whole loans, including distressed loans.

An increasing number of wealthy Eastern European homebuyers are looking for crisis-induced U.S. real estate opportunities.

The Georgia Department of Banking and Finance reached an agreement with a broker who violated the state’s Residential Mortgage Act.