Compliance

The donation benefits a new financial education program introduced by one of the nation’s largest financial counseling organizations.

The new rules will result in underwriters placing additional scrutiny on these applicants.

When choosing either to fight or take flight, in the mortgage industry it is causing significant M&A activity.

Consumer advocates are concerned about lenders shying away from much-needed loans as a result of the new rules.

Heys Edward McMath III allegedly colluded with six former bank officers to hide millions of dollars in nonperforming commercial real estate loans.

The Department of Housing and Urban Development for the first time failed to sell some soured mortgages it's auctioning off post-housing crisis, according to sources familiar with the results.

A mortgage corporation was deceived into financing $1 million for four properties with invalid loan applications and appraisal reports.

The primary drivers of loan growth continue to be first mortgages and vehicle loans.

An agreement between the government and the bank over mortgage-bond sales that's silent on taxes would let the company take a deduction and shave 35% off any settlement cost.

Illinois Attorney General Lisa Madigan alleges that the field service company violated the Illinois Consumer Fraud Act, but Safeguard says these claims are wrong.

Banks, along with Fannie Mae and Freddie Mac, are revisiting mortgage lending policies to address fracking concerns. Some banks will no longer finance homes where an oil rig sits, and Freddie Mac says it can force the entire outstanding balance to be paid if an oil lease is signed.

The deal priced 35 basis points tighter than initial guidance, a person familiar with the deal confirmed.

The GSE reduces loss exposure on its first credit-risk sharing deal with private investors.

Concern is mounting that Nationstar, Ocwen Financial and Walter Investment are getting so big so quickly that they are becoming too difficult to manage and should consider tapping the brakes on acquisitions.

Edward Woodard was the mastermind behind a bank fraud conspiracy that used fraudulent books and records to apply for $28 million in funds from the Troubled Asset Relief Program.

The government removed 25,000 potential buyers per month at the worst possible time.

The servicing industry has witnessed unprecedented changes during the past several years and there is much more to come.

Mortgage documents and loan statements were used as records of debt and spending on tax returns as investment earnings in order to receive a refund.

Clayton Holdings failed to show that the government’s request for three years’ worth of client work and communications was overly broad and burdensome, a judge says in a ruling.

As Blackstone, the nation’s largest foreclosure-to-rent investor, eyes the secondary market, smaller local players have a chance to increase their market share.