Compliance & Regulation

Moments before he was scheduled to make a statement on the mortgage servicing settlement Tuesday night, New York Attorney General Eric Schneiderman postponed the conference call indefinitely.

The classic 1895 science fiction novel The Time Machine by H.G. Wells allowed travel to the past and future. According to the most recent Case-Shiller study, home prices have now 'traveled' back to 2003 levels. This represents a 3.7% drop in overall prices since November 2011.

The Financial Crimes Enforcement Network finalized regulations today by which non-bank residential mortgage lenders and originators will have to follow the same rules as other financial institutions.

Mortgage servicers continue to modify 25,000 loans a month under the government's HAMP program, but that pace could pick up later this summer as new changes to the effort kick in.

Yes, thousands of consumers have been wronged by residential servicers that cut corners on their foreclosure paperwork and decided to 'robo' away their workload. But does a consumer who was in arrears deserve to get his house back? It's a question the general media has yet to ask and at the same time it's a difficult question.

DocX and its founder Lorraine Brown have been indicted by a grand jury in Boone County, Mo. for alleged forgery of mortgage documents used to evict distressed borrowers from their homes.

Ask anyone in the mortgage lending business today—the industry is all about managing risk. Why then, has the mortgage business been the culprit for one of the worst risk failures in our country’s history? Where did the system break down?

commercial real estate exposure was the main reason why bank loans failed in January. Nonperforming loans for commercial real estate comprised $363.5 million of the total $487.7 million for the failed banks.

The trigger for a Friday shutdown by the FDIC is undercapitalization. But while capital is "the last straw," it does not serve as a good long-term predictor of bank failures.

Dissenting Federal Reserve Board member Charles I. Plosser, president and CEO of the Federal Reserve Bank of Philadelphia, in a speech Monday renewed his longstanding opposition to Fed policy moves aimed at putting downward pressure on rates for mortgages and other funding.