Compliance & Regulation

Richard Cordray made his first appearance on Capitol Hill this past week in front of the Senate Banking Committee.

Sometimes opening an appraisal report can feel like being on a bad 70s game show. Door #1 opens to reveal your prize and it's a car, not a coffee cup. Everything's great for two seconds. Then you learn that the car may have a problem that could render it worthless. Then again, it may not. What do you do? Cut your losses and choose Door #2, or invest more time and bank on Door #1?

Now that the Federal Housing Finance Agency is backing away from a controversial plan to overhaul the 25 basis point minimum servicing fee paid on GSE loans, the market is trying to figure out what effect it will have on MSR values.

Assured Guaranty has filed a lawsuit against UBS' real estate securities unit over breach of contract claims.

Risk appetite in the U.S. triparty repo market is slowly returning, according to Fitch Ratings in a new report.

In the past month, the Trepp CMBS delinquency rate has been hovering within a narrow band. For the last three months, the delinquency rate has shifted back and forth only slightly higher and lower. During this process, the rate has not gone over 9.60% or below 9.50%.

The Obama Administration is not happy with HARP 2.0 program changes that the GSEs are implementing because it doesn't create enough competition between servicers to refinance borrowers with high LTV loans.

FACTS Kenneth A. Swanger, a real estate investor, pleaded guilty in the U.S. District Court in Sacramento to conspiring with a group of real estate speculators who agreed not to bid against each other at certain public real estate foreclosure auctions in San Joaquin County.

The California Attorney General has returned to the 'robo-signing' talks after a four-month absence to possibly take part in a multi-state settlement with the nation's largest residential servicers, according to combined press reports early Monday morning.

The NCUA Board Friday indicated it is working on narrowing down potential parameters under which it may authorize federal credit unions to independently engage in certain derivatives transactions aimed at offsetting mortgage-related risks caused by rate spikes and volatility.