Compliance & Regulation

FHFA auditors are in the process of identifying lenders which sold “materially deficient” mortgages to the GSEs and will bring civil damage claims against these seller/servicers.

When it comes to a government-centered society and its deleterious consequences, our Government Mortgage Complex is the undisputed poster child.

Secure Settlements has developed a proprietary risk analysis software that references national databases and a risk rating system to verify closing companies and individuals in real time and provide a standardized evaluation and reporting platform for mortgage originators.

Manhattan Mortgage, believed to be one of the largest loan brokerage firms in the greater New York area, is on the auction block.

Democratic legislation that would allow more Americans to refinance their mortgages has stalled in the Senate amid a partisan dispute over whether to allow votes on other housing measures.

Mortgage servicing rules will enhance the relationship between servicers and special servicers in the short term.

Standard & Poor’s warned that the entrance of new and lesser known special servicing firms can overcrowd the market and complicate the servicing process.

By the fourth quarter, the government-sponsored enterprises likely will be reporting even stronger profits as their legacy loans continue to run off, being replaced by very profitable new issuance.

The new Consumer Financial Protection Bureau servicing proposal would have minimal impact on large players. Smaller ones may be challenged.

Government-sponsored enterprise reform needs to account for the GSEs' influence on commercial/multifamily securities markets as well as single-family ones.