Compliance

Three more people from the Charlotte region have been sentenced as part of a sprawling mortgage and investment fraud investigation.

While many servicers are under pressure to sell of mortgage servicing rights, there's still a fair amount of interest in buying MSRs from other quarters of the market.

CFPB officials are keeping a close watch on the Qualified Mortgage and ability-to-repay rules to gauge whether further changes should be made. But mortgage numbers don't give a clear picture on what kind of impact they've had.

Here's a preview of some of the most interesting and important presentations scheduled at this year's MBA Servicing Conference, as selected by the editors of National Mortgage News.

The independent monitor overseeing Bank of America's compliance with requirements of its landmark mortgage settlement agreement has released his first report on the bank's consumer relief activities.

Consulting firm Teraverde Management Advisors has formed a new business unit to help clients grapple with their compliance requirements.

To take advantage of changing customer demographics and preferences, lenders must capitalize on digital technology. At the same time, digital technology should work in conjunction with, not as a replacement for, the loan officer.

Foreclosures and delinquencies may seem like problems from the past, but servicers are still struggling with a massive backlog of distressed loans and a return to normalcy is at least two years away, if not longer.

U.S. Attorney General Eric Holder, who forced Wall Street's biggest banks to pay billions in fines for their roles in the subprime mortgage crisis, is pressing for action against executives at those firms, even as he prepares to leave his post.

The North Texas region has been a hub for mortgage servicing for decades, dating back to the oil bust and savings and loan crisis of the 1980s. Today, some key players and many smaller ones remain firmly entrenched in the area.

With less than three weeks to go before new financial assessments for reverse mortgages became mandatory, the Federal Housing Administration announced Thursday that it will delay their effective date due to technical issues.

Amid a growing investor appetite for risk, efforts to standardize private-label securities are key to helping ensure the market's healthy return.

WASHINGTON — The Consumer Financial Protection Bureau took action Thursday against three mortgage companies that, authorities say, falsely implied affiliation with the U.S. government.

Sporting a black eye he got while playing basketball, CFPB Director Richard Cordray opened up to credit union executives about another dust-up — the decision to ease qualified mortgage restrictions for small and rural lenders.

The Qualified Mortgage rule, as well as increased scrutiny and more frequent auditing by regulatory agencies, has required lenders to embrace quality control to a far greater degree.

NewDay Financial has agreed to a $2 million fine after the Consumer Financial Protection Bureau alleged that the mortgage lender engaged in an improper kickback scheme and used deceptive marketing tactics targeted at veterans.

The Arizona Department of Real Estate has disciplined a number of Tucson real estate agents for trust account irregularities and audit violations, and others for unlicensed real estate activity.

Former Congressman Barney Frank, co-author of the Dodd-Frank Wall Street Reform Act, is not opposed to changes in the eponymous legislation, but in some cases he thinks the rules should be tightened, rather than loosened.

Black and Hispanic Americans are twice as likely as white Americans to be denied a mortgage, according to a new report.

The Consumer Financial Protection Bureau is raising concerns about the transparency and clarity of reverse mortgages based on more than a thousand complaints it received about the product.