Compliance & Regulation

U.S. regulators led by the Office of the Comptroller of the Currency will replace a largely fruitless effort to find victims of botched foreclosures at the 14 biggest mortgage servicers with flat penalties.

Between $500 million and $600 million will be returned to the MF Global Inc. estate under an agreement.

Jumbo originator PHH Mortgage Corp. is heading toward a new year with some changes under the hood.

There’s still an awful lot of damage and debris to be cleaned up in the wake of Hurricane Sandy, with staggering problems for those whose property was in low-lying coastal areas.

A New Jersey company recently pleaded guilty for its role in a bid rigging scheme at municipal tax lien auctions within the state.

Reverse mortgage lenders are virtually dependent on federally insured Home Equity Conversion Mortgages for their bread and butter.

It was a year of firsts for the Consumer Financial Protection Bureau in 2012.

The Senate has confirmed Carol Galante to be a HUD assistant secretary and to serve as the Federal Housing Administration commissioner, a position she has held in an acting capacity for over a year.

Currently, real estate owned entering the market has slowed to about 55,000 a month, compared to 70,000 a year ago.

USFN, a national not-for-profit association of select attorneys, trustee companies and industry-specific vendors who specialize in loan servicing matters, has made changes to its leadership team for 2013.