Compliance

In a foreclosure situation the emotions that overtake many borrowers can be critical in how and if they survive the trauma and may prevent them from looking for alternatives to their impending foreclosure.

The Department of Housing and Urban Development has issued its proposed version of the qualified mortgage rule for FHA-insured loans and it includes a 3% limit on upfront points and fees.

A former official at Bank of America Corp.’s Countrywide unit said he went to federal authorities and filed a whistleblower lawsuit after learning the government might settle with the lender.

The Federal Housing Administration has asked the Treasury Department for a $1.7 billion bailout, but its commissioner and others say the agency does not actually need the money.

Federal Reserve Bank of Kansas City president Esther George said labor-market gains warrant tapering the Fed’s bond purchases immediately and halting buying by mid-2014.

We're hearing that a government shutdown is coming and this time it could hurt the housing recovery.

The mortgage industry is looking favorably on the latest Federal Reserve Board easing plan.

Interest rates are likely to remain stable at least through January and the first quarter of next year.

The risk of income application fraud rose 13% year over year in the second quarter, according to CoreLogic's predictive scoring of fraud incidence in an estimated 2.4 million mortgage applications.

JPMorgan Chase’s negotiations with federal and state authorities to resolve a series of investigations tied to mortgage bonds are focusing on a potential $11 billion figure.

The Federal Housing Administration will take a $1.7 billion draw from the U.S. Treasury to shore up its books at the end of the fiscal year, the first transfer it has required in its 79-year history.

Master servicers are consistently finding a “material” lack of current appraisals in delinquent commercial mortgage-backed securities loans.

A DOJ complaint alleged that Southport Bank charged hundreds of African-American and Hispanic borrowers higher fees than white borrowers on wholesale mortgage loans.

A former official at Bank of America Corp.’s Countrywide unit who filed a whistle-blower suit testified that in mid-2007, a unit of the lender created a business model that approved a home mortgage loan in 13 minutes.

The government-sponsored enterprises are leaving billions on the table by not going after deadbeat borrowers who may have the wherewithal to make good on their mortgages but failed to do so.

A mortgage software provider recently launched a tool that unifies compliance tracking and rules application within a common management framework to monitor if a loan is delinquent.

A mortgage firm’s initial public offering can be filed with the Securities and Exchange Commission in secret.

California wants to kick-start the residential side of the state's Property Assessed Clean Energy program by setting up a $10 million reserve fund that would reimburse Fannie Mae and Freddie Mac for any losses incurred from PACE liens.

Eleven defendants, including five licensed loan originators, have been indicted for a mortgage fraud scheme that cost lenders $8 million.

The index of pending home sales fell 1.6%, after a revised 1.4% decrease in July that was bigger than initially reported.