Compliance

Freddie Mac is extending mortgage relief policies to Colorado homeowners whose properties were damaged or destroyed due to the recent flooding in the area.

The operators of a national online foreclosure rescue scam that deceived hundreds of distressed homeowners into surrendering their properties to the company have been sentenced.

The scheme allegedly has victimized more than a thousand homeowners, who have paid in excess of $3.4 million.

The Federal Deposit Insurance Corp. has filed more lawsuits against the directors and officers of failed financial institutions in 2013 than in any year since the recession.

Comptroller of the Currency Thomas Curry strongly supported an accounting proposal on Monday that may force banks to increase reserves based on predictions of credit losses in addition to looking at past performance.

We're hearing that a rising tide of new construction doesn’t have lenders worrying about a bubble in apartment building values...yet.

The estate for U.S. Mortgage Corp. and its CU National Mortgage subsidiary paid 26 credit unions and Fannie Mae an initial distribution of $8 million last week.

The Chicago Federal Home Loan Bank seems to be continually looking for ways to expand its mortgage conduit program so member banks, thrifts and credit unions will have broader access to the secondary market.

Former Rep. Barney Frank criticized regulators' latest effort to craft an exemption for proposed risk retention requirements, warning it was overly broad.

The deal would end FGIC’s attempt to collect as much as $5.5 billion the bond insurer claimed it was owed by ResCap and two related entities.

Pricing engines are a tool that allows loan officers to give consumers a better understanding of what is being offered.

We're hearing the housing and mortgage industry can pat themselves on the back for their lobbying effort to block the PATH Act.

Has it been five years already? It has been five years since the federal government nationalized the mortgage industry by taking over Fannie Mae and Freddie Mac.

The continuous housing market recovery and the overall decline in inventory is pressuring down foreclosure sales across California.

Home equity loans are one type of loan product expected to pick up as refinances dwindle, according to an ISGN executive.

Moody's Investors Service has corrected and upgraded the ratings of three vintage securities backed by subprime mortgage loans that were issued by Novastar Mortgage Funding Trust from 2003 and 2004.

A property manager and a straw purchaser admitted to participating in a multimillion-dollar scheme that defrauded financial institutions by using phony documents and straw buyers to make illegal profits.

The top leaders of the Senate Banking Committee said they intend to reach a bipartisan agreement by yearend on a bill to revamp the mortgage finance system despite fears that the issue is losing momentum.

Mounting regulations—and legislation still to unfold—continue to cause an extraordinary amount of concern for servicers.

For the most part what we are hearing is aggravation for title underwriters relating to their title agents.