Compliance

The Federal Housing Administration reported that loan applications fell nearly 50% in June from the prior month.

The 69-year-old home loan program run by the Department of Veterans Affairs is on track to have its best year ever.

We're hearing that the declining liquidity of Freddie Mac mortgage-backed securities is raising concerns in Washington and on Wall Street.

Between April 5, 2006 and Feb. 26, 2007, the government presented evidence that the defendant committed 30 fraudulent sales transactions.

Loan servicing systems may not make julienne fries but they can bring profitability to mortgage bankers and depositories that make the switch from selling whole loans to retained servicing.

CUNA Mutual Group filed five different civil fraud suits in federal court against major Wall Street banks seeking to force the banks to buy back $285 million worth of residential mortgage-backed securities gone bust.

Anchor BanCorp reported a large quarterly loss just days after announcing a plan to file for bankruptcy and recapitalize itself.

The Federal Housing Administration has issued guidance for its new “Back to Work” program that could open the door for borrowers who lost their jobs and their homes during the recession to qualify for a FHA-insured mortgage.

New large mortgage servicing rights transfers expected to be completed in the last half of 2013 indicate banks will continue to offload defaulted, high-risk loans into the hands of nonbanks.

Fannie and Freddie have operated under government control since their operations were seized in 2008.

Federal Reserve Bank of St. Louis President James Bullard said the current low pace of inflation wouldn’t ordinarily prompt the central bank to curtail stimulus.

The changes bring two pages of overlays down to just three items.

We're hearing about payday lenders running into trouble with the FTC and New York State for alleged violations of federal and state laws.

Barely removed from years of cleaning up credit quality, lenders are conceding terms to borrowers on everything from the length of amortization to waiving cancellation fees.

The Department of Housing and Urban Development is refusing to take a position on eminent domain until a city or municipality actually condemns and seizes a mortgage.

A new version of a rule requiring lenders to keep a stake in risky mortgages that they securitize will be proposed by U.S. regulators in the last week of August.

Quality Mortgage Services is offering a tool mortgage banks can use to comply with a new Fannie Mae requirement.

FirstREX has hired Don Shewmaker as the new director of operations and Jim McGuire as sales director.

The Appraisal Institute said just 9% of residential appraisers will add full-time trainees in the next one to two years.