Compliance & Regulation

For the second consecutive State of the Union speech, President Obama called for legislation that would allow struggling homeowners to refinance their mortgages and take advantage of lower interest rates.

We're hearing that the mortgage supply chain still needs more accountability and there is a more effective, simpler and even-handed way to provide it.

RES.NET has upgraded its Agent Portal platform to include mortgage title information and electronic loan closing services.

Lorraine Brown, the former president of mortgage document processor DocX, pleaded guilty to one count of racketeering for her role in authorizing the fraudulent signing of mortgage documents filed in Michigan.

Senate Banking Committee Chairman Tim Johnson unveiled the panel's agenda for the 113th Congress on Tuesday, emphasizing continued oversight of the Dodd-Frank reform law.

Delinquency rates declined for the fourth consecutive quarter to 5.19% in 4Q 2012, down from 5.41% in the third quarter and 6.01% at yearend 2011.

The Treasury Department approved a pilot program to help underwater homeowners in Oregon refinance their mortgage loans.

Fay Servicing reported a 250% increase in revenue for 2012 due to a “meaningful increase” in business volume from existing customers and incentive fees from pay-for-performance deal structures.

Based on an analysis of loans originated in 2010, CoreLogic has determined that slightly more than half of the loans produced would meet the test for the qualified mortgage safe harbor being imposed by federal regulators.

Illinois Gov. Pat Quinn has signed legislation that will accelerate the foreclosure process on vacant, abandoned properties in order to help stabilize the housing market in local communities.