Compliance & Regulation

As the housing market is still plagued with uncertainty about whether distressed conditions will continue to be seen nationwide, one trade association says the blame for the state of the industry should not be placed against appraisers.

Remember the first time you were introduced to the concept that the law, as discussed theoretically in law school, was not necessarily the law as it played out in reality? Please allow me to provide yet another example of what happens when the cost/benefit analysis of defending what is obvious under the law weighs heavily in favor of tossing hundreds of years of property law out the window.

Due to the increasing complexities surrounding the foreclosure process, Nationwide REO Brokers has expanded its services by offering third-party foreclosure review and certification for lenders and servicers.

CUNA Mutual Group this week filed suit against RBS Securities, asking a federal court in Madison, Wisc. to order the Wall Street bank to buy back $72 million of failed residential MBS it sold to the credit union insurer's MEMBERS's Life Insurance Co., and CUMIS Insurance Society units.

The nation's attorneys general, the Department of Justice, and HUD are “very close” to finalizing a legal settlement to settle 'robosigning' allegations levied against the nation's dozen or so top ranked servicers, HUD secretary Shaun Donovan said Wednesday morning.

Freddie Mac hopes to issue more Mortgage Linked Amortizing Notes similar to the one it priced late last week.

It would appear that the chief executives managing Fannie Mae and Freddie Mac are in for a pay cut - a significant one at that.

The Georgia Department of Banking and Finance recently revoked the license of Citizens First Mortgage Solutions, but Cynthia Rumph, president and owner of the Snellville, Ga.-based brokerage company, has appealed the cease and desist order issued against her company.

Here's a riddle for you: What can you buy at record low prices, that you can't buy at record low prices? Answer: A home. That's right, despite interest rates not seen in nearly 50 years, home sales in the U.S. are sluggish at best. How can that be? Simple really. Most home sales are dependent on mortgage financing, but getting that financing can be a real challenge.

The Mystery of Banking The bank has ten billion this year, But the money is simply not Here--