Compliance

The operators of this scheme have been banned from offering any type of mortgage and debt assistance business services to consumers.

Fannie Mae’s home loan volume projection is slightly more pessimistic than it previously forecast, but more optimistic than the Mortgage Bankers Association’s recent downward revision.

Real estate portfolios helped boost net mortgage banking income in the fourth quarter of 2013 when it reduced more headcount to offset declining origination volumes.

Revenue exceeded spending by $53 billion last month, compared with a $1.2 billion deficit in December 2012, the Treasury Department said.

The petitions were filed on four assets to preserve current value and realize full potential value through either a plan of reorganization or orderly marketing and sale.

The Dutch State Treasury Agency has invited Bank of America Merrill Lynch, Barclays, Citigroup, Credit Suisse, Goldman Sachs and Morgan Stanley to bid on the assets.

The company has an edge because it has been offshoring for more than a decade and also automates a lot of tasks, according to SVP and managing director Jan Sternin.

In order to put the flood of government-related mortgage litigation behind them, banks will be forced to increase their litigation reserves.

The industry coalition needs 60 senators to stop unaffordable rate hikes.

While compliance has been properly viewed by most as merely a cost for lenders, it may very well become an investment critical to engaging in the most profitable form of lending.

New tool helps lenders meet regulatory expectations and build a unique settlement agent list updated with real time risk status.

Jesse Litvak asked a U.S. District Judge to bar the government from introducing evidence about pay at his trial set to begin next month.

There ought to be some flexibility to allow negotiated loan fees. But in these highly regulated days, nothing is easy.

A steep drop in refinances and declining purchase activity are taking a toll on Federal Housing Administration endorsements.

A floating-rate loan on the Fountainebleau Miami Beach backs the single-asset commercial mortgage-backed securities deal, according to a Standard & Poor’s presale report.

If current trends persist, the delinquency rate of securitized commercial mortgage loans could fall another two percentage points to below 4% by December 2014, according to Fitch Ratings.

FCI Lender Services' Gordon Albrecht has long focused on areas mainstream players eschew, and right now he is helping servicers manage liabilities and costs intensified by Jan. 10's regulatory deadline.

Loan officers won’t be looking for leads as much as sophisticated technological support and the tools needed to be successful from their lenders.

Thomas Provenzano, foreclosure, Department of Justice

The unit is being created to help servicers comply with the Consumer Financial Protection Bureau’s new mandates.