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Wells Fargo, HSBC, Bank of New York Mellon and Deutsche Bank were sued by an Irish securities firm that claims the banks failed to protect investors in their role as trustees of securities backed by home loans that defaulted after the 2008 credit crisis.
December 26 -
The government-sponsored enterprises' changes to their representations and warranties regulations could increase lending and some risks. Here's the downside to the move and how lenders can mitigate related concerns.
December 26
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Credit Suisse Group AG (CSGN) was ordered to face a lawsuit by New York's attorney general accusing the bank of fraud in sales of mortgage-backed securities before the recession.
December 26 -
The Release of the Year Award recognizes a new software, platform, alliance or initiative that's expected to have the broadest future impact on the mortgage industry. Learn about this year's finalists and see who won the 2014 MT Award.
December 26 -
Federal regulators formally issued a final risk retention rule for mortgage securitizations, a long-awaited and hotly debated measure that is nevertheless expected to have little market impact when it takes effect a year from now.
December 24 -
Now that the FY 2014 Actuarial Review has confirmed that FHA is back on solid financial footing, it is time to focus on the only disappointment in the review of forward mortgages FHA's volume decline and its implications for lower income and minority families who rely on FHA financing.
December 24
Potomac Partners -
The bank is piloting one conduit for jumbo mortgages and another for Ginnie Mae-eligible loans.
December 24 -
The CFPB has at least six active investigations into servicers amid concerns that defaulted borrowers will not get foreclosure relief if their loan is bought and transferred to a new servicer.
December 24 -
Appraisers are often the only party involved in a real estate transaction that has no "skin in the game," unlike mortgage originators and real estate agents.
December 24
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The 3%-down payment mortgage has been made available to consumers with a speed rarely seen in this business, in large part because more lenders than ever are selling loans directly to Fannie and Freddie.
December 24





