Compliance & Regulation

Equifax is expanding the availability of technology it’s developed to aid mortgage investors analyzing whole loan portfolios before and after they’re purchased.

The Federal Housing Finance Agency this week directed Fannie Mae and Freddie Mac to start transitioning to a new system where mortgage servicers pick the foreclosure attorneys they work with -- not the GSEs.

The White House has recruited 37 state attorneys general to urge Senate Republicans to stop blocking the confirmation of the first Consumer Financial Protection Bureau director.

Bank of America said it is receiving more buyback requests for older vintages of loans from Fannie Mae and plans to contest some of these claims regarding breaches of representations and warranties.

Examiners from the Consumer Financial Protection Bureau may look the same, but they won't necessarily see the same. The bureau is employing many of the same examiners -- and similar methods -- that the banking regulators have used for years to conduct exams, according to the CFPB's supervision and examination manual released last week.

Master servicers have been instrumental in dealing with the robosigning debacle in existing securitization deals, said participants at Information Management Network's ABS East Conference on Sunday.

The question of what should be done with Fannie Mae and Freddie Mac is drawing wildly different opinions.

A whistleblower lawsuit filed by two mortgage brokers has been unsealed in Federal District Court in Atlanta claiming that 13 banks and mortgage companies have cheated veterans out of hundreds of millions of dollars.

The risk management firms AllRegs and The Prieston Group have agreed to a multiyear commitment to join forces and offer risk assessment resources to the mortgage industry.

A New York real estate developer who led a mortgage fraud conspiracy resulting in more than $98 million in losses was sentenced in U.S. District Court in Brooklyn to serve nine years in prison.