Compliance

Lax mortgage standards and an unhealthy amount of risk taken by financial institutions and other market participants led to an economy that was not rooted in reality.

The Consumer Financial Protection Bureau is hardly an inscrutable agency.

A CoreLogic report revealed that fraud risk among mortgage applications is down nationwide in the second quarter.

Providing incomplete information can mean heavy fines or worse, making it crucial for mortgage companies to have proper compliance technology in place.

We're hearing the re-emergence of some pre-crisis features in post-crisis jumbo securities is not necessarily a bad thing but investors should be aware of their risks.

Wells Fargo persuaded a U.S. judge to dismiss some claims against it in a lawsuit by the federal government accusing the lender of home mortgage fraud because they were filed too late.

Banks can expect changes to federal reporting requirements for mortgage data, according to the head of the Consumer Financial Protection Bureau.

Kenneth Tebbs has been sentenced to 78 months in prison after pleading guilty to one count of wire fraud in connection with a real estate investment scheme.

One mortgage executive pointed out that a complaint about a mortgage or servicing is a lot more personal than the standard banking complaint.

Keep Your Home California launched an online Servicer Scorecard that allows distressed borrowers to monitor how their mortgage servicer is working with the state-run program to avoid foreclosure.

The company said its trading suspension order will remain in effect for the ten-business-day period ending Oct. 1 with shares eligible to resume trading on Oct. 2.

Barclays’ latest regional housing update report singles out Meritage as the builder with the “most attractive” metropolitan statistical area exposure among homebuilders.

RES.NET has improved its technology to help make the resale transaction process more expedient and simple for brokerage companies.

The restitution may make the credit unions whole as separate settlements with their insurer, CUMIS Insurance Society, and Fannie Mae preceded it.

Issuers in the reviving market for U.S. mortgage securities are creating debt with features not seen since before the financial crisis that can increase risks for certain investors.

This technology takes the full appraisal report and looks for red flags for the mortgage underwriter to follow up on.

FirstREX said it has been offering the financing for up to half the downpayment on purchase loans in combination with RPM Mortgage.

We're hearing the mortgage industry is looking favorably on the latest Federal Reserve Board easing plan.

The California Association of Realtors expressed dissatisfaction that the California Assembly Appropriations Committee failed to sign Senate Bill 30 before leaving for adjournment at the beginning of this month.

Large federal flood insurance rate increases that phase in starting Oct. 1 threaten to derail the slowly improving economy in Southeastern Gulf coast states, regional officials said.