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Niagara Falls, N.Y., officials have filed what they say is among the first regional legal claims under a new state law meant to arm governments against the spread of urban blight.

Ginnie Mae will more closely examine liquidity at all issuers in response to complaints by the HUD inspector general that it would be vulnerable to defaults at nonbanks it does business with.

Wells Fargo has agreed to "good faith class settlement negotiations" to resolve a lawsuit that alleges the bank was making "stealth" mortgage modifications that could vastly increase homeowners’ borrowing costs, according to a filing Monday in federal bankruptcy court in Charlotte.

The former president of a defunct Long Island, N.Y.-based national mortgage lender was sentenced in federal court in Central Islip to three years of probation and ordered to pay $20 million in restitution to taxpayers.

Borrower and mortgage eligibility problems, a sign of the shift to a purchase market, were the leading cause of critical defects found following post-closing reviews, according to Aces Risk Management.

Mortgage industry hiring and new job appointments for the week ending Sept. 22.

A federal judge awarded treble damages totaling $296 million in a False Claims Act case alleging Texas lender Allied Home Mortgage defrauded the Federal Housing Administration mortgage program.

The rise in foreclosure filings for August over July was more than double the historic increase between these two months, said Attom Data Solutions.

Default rates for first-lien mortgages rose slightly higher in August and remain lower year-over-year, but recent hurricanes could intensify loan performance concerns.

Automated data validations are integral to a seamless digital mortgage experience. But the extent of data exposed in the Equifax breach raises questions about the risk of fraudsters exploiting those technologies to further compromise consumer data.