Compliance & Regulation

The New York Department of Financial Services will require Ocwen Financial to hire a monitor to ensure it complies with an agreement to reform its mortgage servicing practices.

As homeownership rates remain flat and rental units continue to increase in popularity among consumers, more firms are starting to focus their business strategies toward the rental market.

The American Securitization Forum has formally issued a comment letter supportive of a GSE single securitization platform.

Mortgage bankers are bracing for more guarantee-fee hikes from Fannie Mae and Freddie Mac in the months ahead.

Home loan closings were impacted as re-examinations and other forms of inspections needed to take place.

Talent, location and good weather brings Specialized Loan Servicing, an independent third-party servicer based in Highlands Ranch, Colo., to open shop in Tempe, Ariz.

Oftentimes, appraisers don't feel like reviews are processed by qualified real estate property valuation professionals.

Most mortgages are being denied because of collateral-related issues and debt-to-income requirements.

Rates are still low and could be for some time, but with some financial uncertainties out of the picture, this might be the time for investors to consider the possibility of an eventual rate rise.

Don't be fooled. The QRM rule is not dead, though it is hibernating.