Compliance & Regulation

Churchill Mortgage chief operating officer Matthew Clarke states “an investment in training is so important” for a mortgage lender and the Brentwood, Tenn.-based firm is putting its money where its mouth is.

A Florida jury convicted two defendants last week for running a foreclosure rescue scheme that took advantage of homeowners who had trouble making their monthly mortgage payments.

The Home Affordable Modification Program has long since left the spotlight. But data shows that after initially dragging their feet, the largest mortgage servicers have modified nearly 70% of loans to eligible borrowers largely because they are receiving major incentives from the government.

The financial health of state housing finance agencies is mixed, Fitch Ratings reported last week.

NMN’s Lew Sichelman met with members of the Florida Association of Mortgage Professionals for a roundtable discussion on a variety of topics, including the state’s ongoing housing recovery.

A $25 million penalty collected by the Consumer Financial Protection Bureau last month is focusing attention on an aspect of the fledgling agency's powers that was long overlooked but now carries large political significance.

The nation’s largest residential servicers—which just so happen to be megabanks—are marking down their MSRs to near fire sale prices.

We’ve been hearing whispers about a Fannie Mae nonperforming loan auction for several months now. We understand the GSE has been actively telling people it could happen by yearend or early 2013.

In Origination News’ discussion with the officers of the Florida Association of Mortgage Professionals at its annual convention in Tampa, national housing correspondent Lew Sichelman asked how the changes to federal law have impacted the state’s education requirements and how conditions are in the various markets that make up this very diverse state.

The latest draft of the CFPB's origination disclosure reform rule is drawing mixed reviews, with some saying the simplification is helpful and others that it adds to an already heavy regulatory burdens.