Compliance

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."

Investors believed that their investments were secured by real estate and promised 40% annual returns.

A litany of new mortgage rules has been issued this week by the Consumer Financial Protection Bureau.

Bank of America and JPMorgan Chase said that they have fulfilled the requirements of the $25 billion national mortgage settlement.

The city of Richmond, Calif., and Mortgage Resolution Partners told a federal judge that a bondholders’ lawsuit seeking to block it from helping homeowners by seizing mortgages through eminent domain is premature.

Real Estate Services and Technology Report has updated its loan disposition calculation software with the new HAMP guidelines that expand and extend the program through the end of 2015.

The Federal Housing Finance Agency is opposed to the idea of local or state governments using eminent domain to restructure mortgage loans, especially loans involving the GSEs.

A Florida title agent and former mortgage broker has been sentenced for her role in a reverse mortgage loan fraud scheme.

An update sent to the monitor of the national mortgage settlement by the five banks that participate in the agreement showing they dispersed $51.33 billion in consumer relief assistance through June 30 is under review.

Fannie Mae was able to extract an $11.6 billion mortgage-repurchase settlement from Bank of America this year because the bank needed Fannie's approval to sell billions of dollars in servicing rights.

JPMorgan and Assured reached an agreement resolving the claims this month, according to a filing with the Securities and Exchange Commission dated Aug. 9.