Compliance

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.

Approximately 12.2 million homeowners with a mortgage were in negative equity at the end of the second quarter.

As the industry works feverishly to interpret new guidelines pouring out from the CFPB, there are a large number of changes that must get done between now and the end of this year.

A million dollar residential closing has been postponed on Long Island, N.Y. because of problems obtaining homeowners insurance.

The lawsuit charges Jerry Wilson and EME LLC, with allegedly discriminating against African-American apartment seekers by misrepresenting the availability of housing units at Treva Court Apartments.

The U.S. 10th Circuit Court of Appeals handed NCUA a victory in its lawsuits against Wall Street firms regarding sales of mortgage-backed securities to corporate credit unions.

Henry Seggerman pleaded guilty to conspiracy and two counts related to the filing of false tax returns.

Inlanta Mortgage bills itself as a fast-growing company within the context of the Milwaukee area, but when it came to getting its recent Fannie Mae seller-servicer approval the company was more meticulous than hurried.

The Mortgage Bankers Association is applauding regulators’ efforts to align the Qualified Mortgage and Qualified Residential Mortgage definitions while incorporating feedback from both the industry and customer advocacy groups into the new risk retention rule.

Responding to reports that mortgage lenders and servicers are accepting insurance tracking services from unaffiliated insurance producers, the New York Department of Financial Services is warning all parties involved that this practice is illegal in New York.