Compliance & Regulation

Prosecutors said from March to October 2009 Lorraine Brown instituted “a surrogate signing policy whereby employees signed, not their name, but the names of other employees on thousands of mortgage documents that were notarized and filed across the country.”

Federal Reserve Board Chairman Ben Bernanke warned policymakers not to delay taking steps to avert a fiscal shock that would cause the economy to fall back into recession.

Eligible borrowers may ask for an independent review of their mortgage foreclosure file if they believe that they were financially injured as a result of servicer errors, misrepresentations or other deficiencies in the foreclosure process.

The decision means the company must prepare to defend itself against allegations by the Federal Housing Finance Agency of wrongdoing in the sale of securities backed by residential mortgages.

Want to see a CFPB audit exam of a mortgage banking firm? As they say in Brooklyn, forgetaboutit.

Signs are evident that health is returning to the housing and mortgage markets as the days of no downpayment, speculators and strategic defaults are fading.

Residential Capital LLC won court approval to sell its mortgage-servicing unit to Ocwen Financial for $3 billion after putting off a fight with loan investors and resolving other objections.

The Consumer Financial Protection Bureau and the Federal Trade Commission have sent out warning letters. If you got one, it's too late.

Not all forms of relief are credited on a dollar-for-dollar basis under the attorney general settlement.

The Consumer Financial Protection Bureau said it will issue warning letters to at least 12 mortgage banking and brokerage firms that it says broke federal law in advertising loan products to consumers.