Compliance & Regulation

JPMorgan Chase is raising another round of questions about a lawyer who works for the New York attorney general, which has sued the company over the mortgage conduct of Bear Stearns.

When people speak about the cost of non-compliance the first thing people think about are fines levied in connection with investigations. In fact, that is the least of your concerns.

Lenders originating loans with private mortgage insurance might get squeezed under the qualified mortgage rule’s 3% points and fees cap.

Redwood Trust generated net income of $42 million in the fourth quarter of 2012, up from net income of $40 million for the third quarter of 2012.

A variety of technology tools can assist mortgage servicers in implementing an effective single point of contact program.

Lender Processing Services has introduced a new enhancement to a lien-related service that helps servicers manage portfolio risk.

Decision Ready Solutions and Wolters Kluwer Financial Services are teaming up to provide a strategic solution designed to assist mortgage servicers solve new Federal Housing Finance Agency requirements.

The defendants include a former California assemblywoman and her husband.

Since March 1, the servicing banks have assisted 554,400 borrowers with principal reductions, loan modifications, refinances and other forms of relief.

Federal Reserve Bank of St. Louis president James Bullard said unemployment may drop to 6.5% by the middle of next year and prompt the central bank to raise its benchmark interest rate from near zero.