Compliance & Regulation

Patrick Thesing has been named the chief compliance officer for Houston-based Stewart Information Services Corp.

One hallmark of the Dodd-Frank Act was the creation of the Office of Financial Research, an agency dedicated to collecting and sifting data from financial firms to help predict the next crisis.

Americans who are able to buy homes are putting down payments of more than 12% on average, a survey from mortgage lead generator LendingTree LLC found this month.

Numerous tax provisions including the mortgage insurance tax deduction will expire Jan. 1 because Congress did not pass its annual tax extension bill before the lawmakers left town Dec. 23.

A Rhode Island mortgage loan processor with National City Mortgage Co. has pleaded guilty to participating in a straw-borrowing scheme that brought in more than $3.5 million in fraudulently obtained mortgages.

Four federal regulators on Friday announced they would give commenters an additional month to weigh in on sweeping restrictions to banks' proprietary trading vehicles.

A former Bronx, N.Y., borough president, who currently is the New York and New Jersey regional director for the Department of Urban Housing and Development, admitted in a disposition that he violated the city's conflict of interest law that prohibits elected officials from using their position to obtain financial or personal incentives.

Mortgage fraud is so prevalent today that even individuals related to celebrities are creating scams in order to steal money from future homeowners.

Flippers doing it illegally defraud banks by buying at short sales for prices below the true value and what legitimate buyers will pay. In these schemes, realty agents obtain FRAUDULENT APPRAISALS to persuade banks to sell houses at below-market prices.

Loan officers will have some unpleasant news for their customers in 2012: the cost to obtain a new government-backed mortgage will be rising.