Compliance

Fay Servicing will pay $1.15 million in borrower restitution and possible disgorgement to settle CFPB allegations that it engaged in so-called foreclosure dual tracking and failed to keep borrowers informed about loss mitigation efforts.

HSBC has fulfilled its obligation under the National Mortgage Settlement and will no longer be monitored for compliance.

Pittsburgh is considering offering bigger tax breaks for developers building affordable housing or creating businesses in depressed neighborhoods, but critics say the revamped abatement programs won't do enough to address a low-income housing shortage.

Lenders are feeling some relief on the regulatory front, but they still expect their compliance expenses to rise, according to a recent Lenders One survey.

The Federal Housing Finance Agency has revived the idea of putting a question on the loan application asking consumers what language they want to communicate in.

New York Gov. Andrew M. Cuomo signed legislation sending $2.5 billion to the construction and preservation of affordable housing, celebrating it as the start to his $20 billion plan to combat homelessness.

Philadelphia homeowners at risk of foreclosure over past-due property taxes could be given free housing counseling and have their debt deferred under a program being developed by City Council.

A yearlong battle in San Francisco City Hall ended Wednesday night when two factions on the Board of Supervisors reached a compromise on how much affordable housing to require in new market-rate developments.

U.S. prosecutors working to convict three former Nomura Holdings Inc. mortgage-bond traders are trying to convince jurors that lying about prices amounts to fraud.

Reverse mortgage lender Financial Freedom has agreed to pay $89 million to settle False Claims Act allegations involving unearned interest payments it received from the Federal Housing Administration.

Ocwen Financial Corp. has received a subpoena from the Department of Housing and Urban Development Office of Inspector General regarding force-placed hazard insurance.

All post-closing reviews of new Federal Housing Administration-insured mortgages must now use the defect taxonomy, effective immediately.

To address an unintended consequence of the TILA-RESPA integrated disclosures, California regulators are making it easier for lenders to prove compliance with rules limiting interest charges on mortgage closings that take more than one day.

The company also said it believes there are no regulatory obstacles that will derail its planned acquisition of Astoria Financial.

U.S. securities regulators are investigating whether bonds backed by single-family rental homes and sold by Wall Street's biggest residential landlords used overvalued property assessments.

In an attempt to show it went all out to help struggling homeowners, the embattled mortgage servicer Ocwen Financial provided an unusual level of detail about foreclosures it says regulators have deemed "inappropriate."

Learn how the some of the industry's most successful loan originators get it done with these tricks of the trade from the 2017 Top Producers rankings' top 20 loan officers of the Northeast.

Regulator now has recovered nearly $4.8 billion in various suits related to the mortgage meltdown in 2008.

The U.S. Supreme Court issued a mixed decision on the reach of the main federal housing-discrimination law, telling a lower court to reconsider whether Miami can sue banks for lending practices the city said contributed to urban blight.

Jesse Litvak was sentenced to two years in prison and fined $2 million after he was convicted a second time for lying about mortgage-backed securities prices.