Compliance

There previously were triple-C, double-C or single-C ratings on all the downgraded commercial mortgage-backed securities, suggesting defaults were likely.

The measure would roll back certain premium increases for up to four years.

The deal would resolve claims that Lender Processing Services falsified documents related to home seizures.

Rumors about the viability of the Columbus, Ohio-based lender have been around for several months.

Auditors report solid improvement in the capital position of the federal mortgage insurance fund.

A hike in guarantee fees could encourage banks to retain loans they might have otherwise sold to Fannie or Freddie, but observers are skeptical that it will accomplish its true mission of jump-starting the market for private-label mortgage securitizations.

While the new regulations implemented by the Consumer Financial Protection Bureau are designed to apply primarily to big banks and loan servicers, the regulatory environment for small and community banks will also be transformed.

Mortgage-backed securities performance has in some cases gotten a lift from regional home price recoveries, but the increases are likely to slow or dissipate going forward.

Score a win for the private market, as higher GSE prices make nonagency mortgages more attractive to investors.

The governor of New York and the Department of Financial Services have issued proposed regulations to assist homeowners who are underwater.

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 2013 MT Award.

Under the agreement Flagstar Bancorp will sell $41 billion in aggregate unpaid principal balance of residential mortgage servicing rights to Matrix Financial Services, a wholly owned subsidiary of Two Harbors Investment.

Consumers can select the underwriter of their choice, as long as the lender approves.

The average rate for 30-year mortgages is only five basis points higher compared to Freddie Mac’s previous survey week. A year ago it was more than 1% lower.

Sen. Barbara Boxer, D-Calif., wrote the Internal Revenue Services in August asking how they will treat California short sales after the expiration of the Mortgage Forgiveness Debt Relief Act.

The new feature will reduce errors and lender risk by ensuring the loan meets investor eligibility guidelines before it is too late in the process.

The Federal Reserve plans to reduce the amount of mortgage-backed securities it is buying per month by about 12%.

As malware and virus detection gets more advanced, financial firms may find their IT departments overwhelmed by the volume of “suspicious activity” alerts that have to be investigated.

The company will originate loans through its call center and the wholesale and correspondent channels.

An unprecedented annual jump in Internet mortgage banking transactions coupled with a 50% increase in mobile banking is profoundly changing retail bank operations and customer retention practices across the U.S., according to Accenture.