Compliance

Ronald Hurst will serve two years in prison for conspiring to commit bribery and wire fraud in a scam that affected the U.S. Department of Veterans Affairs Mortgage Guarantee Program.

Stenwyn Joseph previously had oversight of a team of portfolio managers and analysts managing risk and return associated with mortgage servicing rights at OneWest’s predecessor, IndyMac Bank.

The new LoanLogics’ team is led by three experienced compliance officers whose current focus is to provide regulatory compliance and loan quality assessment services that help lenders minimize costly mortgage loan buybacks.

When addressing the QM rule, lenders face a key strategic consideration—whether to only make loans that meet the definition of a qualified mortgage or to also make loans falling outside the rule.

To satisfy the Federal Reserve Board , M&T needs to improve its risk-management program and establish processes for identifying and reporting suspicious transactions.

At least two bank-owned commercial loans were recently sold at a significant premium indicating recent price gains will help banks cut more losses in the near future.

Increased national and international regulatory burdens are challenging mortgage firms to build efficient compliance risk mitigation strategies and test their business models against cyber-crime. A few themes are emerging.

Over the last year to 18 months, some people have been of the opinion that REO-to-rental signifies a trade, not necessarily a long term business model.

The guarantee fees Fannie Mae and Freddie Mac charge fail to put a price on mortgage risks in line with what the private market charges.

Despite signs of retraction there still is hope for a consistent albeit slow housing market recovery in 2014, TransUnion analysts say.

The annual suspension will run from Dec. 18 through Jan. 3.

Earl Gross withheld over $8 million in loan payoffs that were due to Wells Fargo.

Without tax dollars and revenue for governments, which no one wants to pay, things would become quite messy.

Single-family rental securitization prospects look brighter to supporters who find the REO-to-rental trend has evolved enough to bode well for a new wave in 2014, but analysts warn of unique new investor risks.

There’s plenty of risk out there, with flash floods in the mountains, mudslides in California, wildfires and killer tornadoes.

Foreclosure filings continued to fall in November, due in large part to the fewest amount of homeowners starting the process since December 2005.

For many politicians, GSE reform is a shorthand term, which translates into their plan to shut down the government-sponsored enterprises in favor of an untested system of housing finance.

The Jacksonville, Fla.-based company will give the FDIC $24 million in cash and a $24 million promissory note to terminate loss-sharing agreements related to its Bank of Florida acquisition.

The firm has entered into a definitive agreement with an undisclosed national depository to acquire a pool of mortgage servicing rights backed by Fannie Mae.

A more mature bank-owned foreclosure-to-rental property market is attracting a different type of investor into this new reality and likely changing how business will be done in 2014, an insider says.