Compliance

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.

Bank of America asked a federal court to dismiss a lawsuit brought by the U.S. that accuses the lender of misleading investors about the quality of loans backing $850 million in securities.

Bank of America’s Countrywide unit was found liable by a jury in Manhattan federal court last month for selling the government-sponsored entities thousands of defective loans in the first mortgage-fraud case brought by the U.S. to go to trial.

Single-issuer Ginnie I pools have been the mainstay of the Ginnie MBS program for decades.

This product does not count towards the 3% fee cap because the premium is rolled into the mortgage's interest rate.

Home value data reported by Pro Teck Valuation Services confirm that state regulation will continue to negatively affect property values and the housing recovery.

The battle over how to craft affordable housing requirements as part of mortgage finance reform took center stage on Thursday as witnesses at a Senate Banking Committee hearing sparred over the issue, including whether dedicated funds should be subject to Congressional appropriations.

The industry is still working through the mortgage loan delinquency and foreclosure problems of the past, especially in states where foreclosures are processed in a court of law, insiders say.

The Consumer Financial Protection Bureau said Thursday it was charging Castle & Cooke Mortgage $13 million in penalties for allegedly pushing consumers into costlier mortgages in order to give kickbacks to loan officers.

Rates have reversed a downward trend that occurred after the Federal Reserve indicated it will keep easing. If this trend continues, refinancings are likely to decline again.

Those loan officers who lack integrity will not be successful.