Compliance

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.

Credit Suisse Group AG was sued in New York over $359 million worth of residential mortgage-backed securities by an entity that manages distressed debt.

As the last day of hearings on the $8.5 billion Countrywide settlement closed without a conclusion, analysts warned investors’ wait for payouts could be much longer.

At 4.32%, the weekly survey average for the 30-year rate is the lowest it has been since the week ending July 25, according to Freddie Mac.

Sometimes the best buyers turn out to be sellers.

Forecasting the future of Fannie Mae and Freddie Mac is always a tricky business.

The Department of Housing and Urban Development has awarded $38.3 million in grants to fair housing organizations.

You’d need a Shakespeare to do justice to the struggle over LO compensation.

The NFHA has decided to amend its original complaint because the ongoing investigation found five more cities that have housing discrimination characteristics which violate the Fair Housing Act.

Goldman Sachs Group, JPMorgan Chase and billionaire George Soros are poised for gains from a housing bet placed in the depths of the financial crisis.

Two men from Tucson, Ariz., were sentenced to federal prison for their roles in a mortgage fraud scheme that resulted in lenders losing at least $3.1 million.