Compliance

JPMorgan Chase’s Bear Stearns Asset Management persuaded a judge to dismiss a lawsuit by Bank of America Corp. over a collateralized debt obligation transaction that resulted in billions of dollars in losses.

The risk retention requirement was supposed to ensure lenders had "skin in the game" when making mortgages.

The American Bankers Association has endorsed SunTrust Mortgage to offer ABA members an outlet to sell mortgage loans on advantaged terms.

The issuance of U.S. commercial mortgage-backed securities has totaled $56 billion so far this year, handily beating the $48 billion place in all 2012

Fraudsters are looking for easy targets, because once a technology scam is detected the banking industry will quickly take action to thwart future instances by patching up network defenses.

In today’s multifaceted lending environment lenders need to use sophisticated loan servicing systems that support multiple business channels and adapt to ever-changing industry rules and regulations.

NCUA filed suit against Morgan Stanley & Co., Inc. and other firms, alleging violations of federal and state securities laws in the sale of more than $566 million in mortgage-backed securities to U.S. Central and WesCorp.

Arizona’s housing market, one of the nation’s four worst hit by the foreclosure crisis, is seeing constant improvements in housing prices, employment and overall recovery compared to 2012.

Stewart Lender Services, Houston, has acquired Allonhill LLC, a due diligence and risk management company based in Denver.

On an annual basis, loans at CUs were up 5% through June (up from 3% through June 2012), bringing total CU loans outstanding to $627 billion.

Pricing engines have moved from a tool to help sell loans to a “compliance-ready tool” for use by originators.

Origen Financial Inc., who manages the residual interest in securitized manufactured housing loan portfolios, had net income of $173,000 for 2Q13, compared with a $2.8 million loss for 2Q12.

Federal regulators have revised a set of less restrictive risk-retention guidelines for commercial mortgage backed securities deals that could have a negative effect on refinancing and future CMBS growth.

As policymakers debate ways to reduce Fannie Mae and Freddie Mac’s role in the U.S. mortgage market, one of the big questions that must be addressed is how much credit risk private investors are willing to take on, and at what price.

The Structure Finance Industry Group Inc. has filed an amicus brief in support of Wells Fargo NA’s motion for a preliminary injunction against the eminent domain plans of Richmond, Calif. and Mortgage Resolution Partners LLC.

Regional banks are expected to see a huge drop-off in mortgage originations over the second half of 2013 as interest rates continue to rise.

The new proposed definition of the “qualified residential mortgage” has been aligned to match the definition of a “qualified mortgage” which was released earlier this year.

Radian Group Inc.’s mortgage insurer reached an agreement with Freddie Mac that caps expenses at $840 million related to loans held by the U.S. government-controlled housing-finance company.

Implementing eminent domain may present inconsistencies in solving the root cause of the housing problem in the U.S., create unintended consequences for both borrowers and investors, and inadvertently limit mortgage lending activity, Standard & Poors said in a report.

The Justice Department delivered a subpoena to Clayton Holdings LLC last month for an extensive number of documents related to the firm’s work on residential mortgage-backed securities deals.