Compliance & Regulation

New York Attorney General Eric Schneiderman is warning state homeowners to beware of phone solicitations from scammers claiming to provide assistance related to the recent national mortgage servicing settlement.

There is considerable emphasis placed on finding solutions to rising heath care costs for those 65 and older, but not enough is placed regarding housing and providing adequate support services for this same group, a Center for Housing Policy report states.

In the early days of the financial crisis investors were lining up for the mother of all loan auctions. It was thought to be the best buying opportunity for bad debt since the S&L crisis. And then a funny thing happened: banks and investment bankers decided not to dump their nonperforming loans, at least not in large numbers - or at fire - sale prices.

The credit union lobby - in the midst of a flurry of new regulatory proposals - is calling on the National Credit Union Administration for a temporary halt to new rulemaking while credit unions catch their breath.

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.