Compliance & Regulation

Delaware can now officially go after violators of the state's new Mortgage Loan Modification Services Act, which is aimed at protecting homeowners from providers offering these services in unfair or deceptive ways.

Mortgage bank scorecards are changing an industry that has not yet found the right balance between efficient rating standards and regulated oversight.

The Federal Housing Administration has revamped a little used program for refinancing underwater conventional loans, and extended its "short refinance" program until the end of 2014.

A federal judge declined Tuesday to dismiss charges that Barclays Capital packed a collateralized debt obligation it sold to Eastern Financial Florida CU with junk, hastening the demise of the one-time $2.4 billion credit union, the biggest natural person credit union failure ever.

We still haven't heard from Wells Fargo & Co./Wells Fargo Funding about its exclusionary list of mortgage banking firms - lenders that it will not buy loans from in the secondary market. As you might imagine the story we published Tuesday about the topic caused quite a stir in the industry plus a ton of traffic to the National Mortgage News website.

Flagstar Bancorp Inc. increased its loss for the fourth quarter and 2011 by $4.2 million after revising a payment to settle claims regarding underwriting practices associated with loans insured by the Federal Housing Administration.

The former chief financial officer of Taylor, Bean & Whitaker on Tuesday pleaded guilty to covering up one of the largest mortgage frauds in U.S. history.

Federal Reserve limited liability companies created to respond to strains in financial markets have reduced by hundreds of billions of dollars the amount of agency securities the Fed acquired through open market operations.

I just came across an article posted on the Community Associations Network website tallying the top 10 condo and HOA news stories of 2010. What made the top of the list? Revenue shortages.

The Federal Deposit Insurance Corp. warned officers and directors facing potential lawsuits from the agency not to remove internal documents from a failing bank's premises.