Compliance & Regulation

The owner and founder of Metro Dream Homes has to serve 150 years in prison for his role in leading a $78 million mortgage fraud scheme.

With the Consumer Financial Protection Bureau planning new rules on force-placed insurance in the coming year, at least one credit union servicer is taking proactive steps to try to make sure homeowners can afford coverage.

Morgan Stanley has agreed to pay civil money penalties and conduct a review of 60,300 foreclosures conducted by its former servicing subsidiary, Saxon Mortgage Services, as part of an enforcement action by the Federal Reserve Board.

Minor adjustments in the approach to distressed property data analytics and communication with the homeowner may separate a foreclosure from a sustainable workout. The key is in considering all the data involved, including factors that are not strictly related to servicing and field services.

WASHINGTON - A mortgage lender accused of discriminatory lending practices is planning to fight back against a Justice Department lawsuit - a move that may embolden other banks to follow suit.

Finale Document Services has created Spanish language reverse mortgage disclosure packages to comply with the unique real property requirements for Puerto Rico.

What are the most successful private companies operating in various financial markets including the mortgage space doing to prosper in 2012? Input from hundreds of Inc. 500 CEOs who have maintained above-average growth and profitability during tough economic conditions indicates there are six areas of focus that they considered key to their company's success.

At the urging of several trade groups, the Consumer Financial Protection Bureau has decided not to prohibit mortgage companies from using profits to make contributions to their loan officers' 401(k) plans.

Democrats on the Senate Banking Committee are urging the Federal Housing Finance Agency to take more aggressive steps to allow refinancing by homeowners with Fannie Mae and Freddie Mac mortgages.

The Federal Reserve Board on Monday sought to clarify a chief requirement that, if met, would result in a nonbank financial company falling under the central bank's supervision.