Compliance & Regulation

The nation’s five mega-servicers told their attorney general settlement monitor that they modified $10.5 billion of home mortgages for 137,850 troubled borrowers between March 1 and the end of the second quarter.

It’s been generally assumed that mortgage loan officers working in residential finance today are the best ever when it comes to professionalism and training. Or is this misleading?

Any quarter now Fannie Mae will crank up its nonperforming loan auction machine, giving bottom fishers across America a chance to bid on billions of dollars in nonperforming mortgages guaranteed by Uncle Sam.

A mortgage fraud alert was recently issued to the armed services community to combat scams targeted at homeowners seeking to apply for mortgage assistance through the Home Affordable Modification Program.

The Consumer Financial Protection Bureau maintains it doesn’t want to impose burdensome or unnecessary regulations on small mortgage bankers and depositories that service home mortgages, but few in the industry believe the agency.

As the Republican convention progresses this week speakers are spending no time discussing the Dodd-Frank Act, much less its specific parts.

Alternative resolutions continue to drive a national decrease in the number of completed foreclosures.

The REO market remains hot, and so are business process management solutions that enable servicers to gain control of processes.

The Securities and Exchange Commission is investigating the government-owned Residential Capital Corp. for possible misconduct in its loan origination and underwriting practices.

It was a $2.8 million Title VI loan that got a housing project off the ground at the San Felipe Indian pueblo in New Mexico.