Compliance & Regulation

The distressed mortgage market and demand for default-servicing technology is not ebbing away any time soon. Before that happens, vendors are busy beefing up their strategic resources.

With more activity and more investor interest in the nonperforming loan market recently, it's a good idea to know what steps should be taken to protect your interests when buying or selling these assets.

If there is anything all players in the reverse mortgage lending arena agree upon—trade group, regulator and consumer advocate—is the need for more education about this product, especially if it starts getting the market share that has been long predicted.

The scandal brewing over alleged rigging of the London interbank offered rate has piqued the interest of the Senate Banking Committee.

CitiMortgage, a top 10 ranked correspondent buyer of mortgages, has an “exclusionary” list of lenders that it will no longer conduct business with.

The Dodd-Frank Act is among other things stifling stated government goals to fund more residential mortgages through the private market, American Securitization Forum executive director Tom Deutsch told the House Committee on Financial Services in prepared testimony Tuesday as he suggested ways to change this.

Lenders facing legal challenges with respect to possible violations of the “ability to repay” standards in the qualified mortgage rule likely will face significant loan repurchase requests from Fannie Mae and Freddie Mac, as well as rescissions in coverage by mortgage insurers.

CoreLogic and FICO jointly created a new consumer credit risk score that is expected to enable growth in the mortgage lending market.

In an interview at his office in Washington, CFPB director Richard Cordray discussed why the complaint database was so important, how he is trying to create a new culture for the agency and why the agency delayed the much-anticipated qualified mortgage proposal.

The mortgage settlement between U.S. state attorneys general and the five largest servicers, in clarifying foreclosure standards for the industry, may be contributing to higher foreclosure initiation rates.