Compliance

The court issued a memorandum that clarifies the proposal is based on the suggestion of a number of stakeholders involved in mortgage foreclosure cases.

On Capitol Hill, Louisiana lawmakers have introduced several bills to delay a ramp-up in federal flood insurance premiums for an estimated 252,851 properties nationwide.

The housing industry is stepping up behind-the-scenes lobbying to alter the housing finance bill sponsored by Rep. Jeb Hensarling and perhaps kill the legislation entirely.

Mortgage Electronic Registration Systems persuaded a judge to throw out a lawsuit by Minnesota’s Ramsey and Hennepin counties claiming the use of MERS to avoid paying mortgage-assignment filing fees violates state law.

Standard & Poor’s probably will demand greater protections for investors when mortgage bonds are backed by loans to homeowners in jurisdictions that use eminent domain to seize debt to help borrowers.

Ohio is in dire need for new policies that improve the foreclosure process and promote job growth so the state’s housing and economic recovery takes hold.

The California Homeowner Bill of Rights and similar types of regulation issues in other states are affecting recovery efforts because these rules favor the borrower by protecting them if they are at-risk of foreclosure.

Equifax has introduced a tool designed to deliver a more in-depth picture of past credit behavior and future mortgage loan credit risk.

One hurricane recovery expert said, however, that the report fell short.

The city of Richmond and Mortgage Resolution Partners say a bondholders’ lawsuit seeking to block it from seizing underwater mortgages through eminent domain is premature and should be dismissed.

A federal judge for the Southern District of Iowa sentenced Paul Kramer to 90 months in prison for wire fraud, bank fraud and conspiracy.

MortgageKeeper Referral Services has entered into a strategic partnership with Student Loan Alliance that will assist distressed borrowers who also are struggling with student loan debt.

Add First Horizon National and SunTrust Banks to the growing list of banks facing another potential mortgage-related headache.

EverBank Financial Corp. will make $37 million in cash payments to past mortgage borrowers to settle claims it improperly handled foreclosures.

The Department of Housing and Urban Development has lined up another team of financial analysts to provide the agency and Congress with a second opinion on the financial health of the FHA Mutual Mortgage Insurance Fund.

The Department of Housing and Urban Development is charging a lender and mortgage broker with allegedly discriminating against a couple with disabilities who were attempting to refinance.

When it comes to the securitized commercial mortgage market there were already worries about credit standards slipping before rates started to rise.

Bankers and other lenders are strongly urging the Consumer Financial Protection Bureau to delay implementation of its qualified mortgage and other pending rules.

Analysts find fewer short sales and more loan modifications have contributed to a steady decline in distressed inventory nationwide while the liquidation rate has slowed down even further.

BB&T's original capital plan was rejected in March, based on a "qualitative assessment."