Compliance & Regulation

Heritage Pacific Financial Inc. a Texas company is aggressively pursuing hundreds of Californians to collect second mortgage debt on homes they’ve already lost through foreclosure.

THE RAJ DATE SAGA CONTINUES: We’re told that the National Association of Mortgage Brokers is very concerned with the recent broker bias comments from CFPB deputy director Raj Date. One NAMB official said the trade group “has sent a letter to the CFPB regarding the comments and have formally requested a meeting to discuss."

A proposal by regulators to revamp the way banks must measure risk on certain assets is alarming many community bankers.

RealtyTrac released its May U.S. Foreclosure report, which emphasized the first year-over-year increase in foreclosure starts in 28 months. What does this mean?

These days, many lenders’ licensing and legal departments are larger than what they were budgeted for, and adding efficiency without adding head count to the back office must be a priority.

Housing markets are showing credible signs of a revival that still is “in the early innings,” according to the State of the Nation’s Housing 2012 report released by the Joint Center for Housing Studies of Harvard University.

The slow pace of rulemakings under Dodd-Frank has been a consistent rallying cry among those skeptical of the law.

To hear some nonbank lenders talk about the Consumer Financial Protection Bureau you would think they were dealing with Dracula or something.

New York Attorney General Eric Schneiderman has introduced the Foreclosure Fraud Prevention Act of 2012 to the State Legislature that defines residential mortgage foreclosure fraud and imposes new penalties for those who intentionally engage in illegal activity within the state.

A federal court panel said Bank of America can't consolidate multiple lawsuits involving losses suffered from the collapse of Taylor Bean & Whitaker and Colonial Bank in a multibillion-dollar fraud.