Compliance & Regulation

The Mortgage Bankers Association has formed a select committee to find a replacement to departing president David Stevens with 15 candidates being thrown into the pool.

Regardless of your position on the use of MERS as a nominee for the lender, creating a shared, accessible database of record is another reason why lenders and servicers have worked diligently to certify the accuracy of the data entered in the MERS database.

Costco has started to offer mortgages through approved lenders and heavily marketing the program to its 68 million members.

Three attorneys and a former attorney pleaded guilty in Manhattan federal court for conspiring to commit wire and bank fraud in connection with a $66 million mortgage fraud scheme.

If CFPB is successful in killing nonbank brokers who’s to say the agency won’t go after nonbank servicers next? That would mean all those REITs buying MSRs might be in danger.

A top Federal Reserve official on Tuesday urged regulators to embrace a set of reforms that could be taken to minimize risk in the shadow banking system.

Force-placed insurers operating in New York must lower the premiums they charge, the state's governor and superintendent of financial services announced.

SunTrust Mortgage has named two new executive presidents, hiring industry veterans from PNC Mortgage and IBM Corp.

Experian’s research data show over 20 million underbanked consumers may be eligible for financial products normally reserved for prime credit prospects.

Among Telrock’s lending clients, 40% of borrowers who were contacted through a mobile service paid directly through the device within 30 minutes of receiving the alert.