Compliance

Findings from the S&P Dow Jones Indices and Experian Consumer Credit Default Indices show mortgage default rates continue to decline at a very slow pace.

If only you had something like this to help you determine which real estate agents you’d get along with, who do business like you do, who you might not only become business partners with, but life-long friends.

A local lender must pay an $81,000 fine. This is three times the origination fees charged the 20 consumers solicited through its office lease relationship with a local community bank.

Kevin Cordell, U.S. Navy veteran turned investor/servicer, started the habit of assigning a single point of contact to every mortgage transaction regardless of risk years before it was required by law.

The $26 billion-asset company's earnings fell 4% from the third quarter and 95% from a year earlier, to $35.8 million.

The move will give the company a presence in Texas, where several mortgage servicers and originators are located.

A Santa Clara County Superior Court judge is making three major companies pay approximately $1.1 billion to remediate lead paint used in the interior of homes built before 1978.

Price-to-rent ratios in San Francisco, for example, are up almost 25% since 2012 and near an all-time high. Also, national prices are 15% overvalued, “in real terms,” according to the company.

The deal worked out between the two officials will be used toward housing programs and helping anti-foreclosure programs.

If wishes always come true, lots of mortgage lenders will be increasing their volumes of purchase mortgages this year. But Fed tapering and rising rates may spoil the party.

Columbia Business School Professor Christopher Mayer says he’s so convinced that reverse mortgages can be a cornerstone of responsible retirement planning that he’s gone into the business.

The third-biggest U.S. bank by assets is shuttering its default servicing operations in Hagerstown, Md., and Fort Mill, S.C.

Standard & Poor’s expects $5 billion of mortgage servicer advance securitizations this year, down from 2013’s $6.5 billion.

This figure is down 26% from the previous year and represents the lowest annual total since 2007.

SIFMA members are also concerned about risk retention and GSE reform, according to the group’s EVP.

The changes will aid Flagstar in aligning its infrastructure with the current business environment, specifically the status of the mortgage origination market.

Some of the nation’s largest servicers have signed up with Hope LoanPort to facilitate the collection of pre-populated IRS 4506-T forms, which contain homeowner information crucial to a workout.

The AG’s complaint says the defendants identified abandoned residential properties in which they filed for adverse possession of the housing units in court to obtain title.

The drop has boosted applications, but the consumer break on loan costs may not last.

A complaint was filed in federal court claiming CitiMortgage officials failed to apply the proper mortgage-amortization rate to loans of active-duty members of the U.S. military.