Compliance & Regulation

Bank of America CEO Brian Moynihan said the ongoing settlement talks between the federal government, state attorneys general, and the nation's largest servicers has produced a "package of programs that we believe will be very positive" for the housing market.

A New York probe has brought national attention to servicers' alleged self-dealing in the sale of force-placed insurance. But the investigation is just one of many looming challenges to the practice.

The head of the Mortgage Bankers Association is calling on his brethren at other trade groups to work together with MBA to forge coordinated policies to "reestablish a vibrant" housing finance system in the U.S.

Mitt Romney has been a key figure in the saga of the nation's financial woes, perhaps more important than any other Republican politician. But much of what he did and said in the early stages of the crisis, including about housing, has been largely forgotten.

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.