Compliance

Diane Cobb and Paul Davis were both indicted on 15 counts of conspiracy, mail fraud, and wire fraud in connection to a $2.4 million scam.

Lenders' choices today are stark: Make Qualified Mortgage loans and risk being sued under the disparate-impact doctrine; make non-QM loans and risk being sued under the ability-to-pay-doctrine; or sell their loans to Fannie Mae and Freddie Mac.

The securitization will be backed by income from a portion of the Scottsdale, Ariz.-based firm’s portfolio of single-family rental homes.

The bank is resolving to pay millions in cash in addition to giving claim credits and other payments on certain vintage mortgage loans.

The government wants to add Wells Fargo Vice President Kurt Lofrano as a defendant to a lawsuit that claims the bank was reckless in underwriting mortgage loans it falsely certified as eligible for Federal Housing Administration insurance.

Some of the country’s most distressed neighborhoods will benefit from a new round of federal funding that simultaneously promotes community redevelopment planning and transformation through housing, services and job creation.

News that the Fed decided to continue the quantitative easing asset purchase program has left real estate investment trusts worrying about the future of the mortgage REIT market.

The bank is setting people up with NextJob’s Homeowner Reemployment Program.

The insurer underwrites all of its policies and therefore can offer relief in less than 36 months.

Health care isn’t the only troubling national insurance issue, as anyone with a mortgage near a waterfront already knows. So is flood insurance.

The government argued earlier that, given the egregiousness of the fraud, the bank should pay the maximum penalty of $863 million.

Though bankers generally applauded the Consumer Financial Protection Bureau's final rule on mortgage disclosures, they are raising concerns that some of the changes need to be fixed or they'll have no choice but to assess higher fees at the closing.

How many Mortgage Technology Conference attendees were on their mobile devices during a panel discussing the security challenges posed by mobile devices? A lot.

Fixed mortgage rates came in lower on average week-to-week, but Federal Reserve minutes suggest a reduction in rate-lowering bond purchases is in the works.

Retail loans dominate one deal. A mix of property types back the other one.

Federal judges have ruled no valid claims of fraud exist against MERS in which plaintiffs claimed the company’s role in a deed of trust caused them injury.

Individual deal exposures are minimal, for the most part. The area the tornado hit contained about 100 properties, according to Standard & Poor’s.

The mortgage industry’s shift toward a purchase-driven market increases the risk of fraud, and that was evident in the third quarter, particularly for jumbo loans.

The issue centers around lender-paid compensation and where would it appear on those documents.

Underutilized low-income housing tax credits used to fund apartment construction could help offset a decline in multifamily financing availability, if lenders are willing to lower their minimum loan sizes.