Compliance

It is not easy to be an agency mortgage investor, particularly not with uncertainty about the longevity of Fed intervention and government-sponsored enterprise reform pending.

An Orange, N.J., paralegal has pleaded guilty to participating in a mortgage scam that cost defrauded financial institutions at least $2 million.

The Rancho Santa Fe, Calif., business operator is alleged to have obtained $2.2 million in mortgages using false information, including some agency loans.

The American Securitization Forum is urging mortgage servicers and trustees to reject offers that the city of Richmond, Calif., is making to buy mortgages out of private trusts at deeply discounted prices or face eminent domain proceedings.

Comparative data on servicers of securitized residential mortgage loans show RMBS investors are likely to shoulder higher carrying costs due to long and lengthening completed foreclosure timelines.

Eminent domain is a bad idea. Let’s put this as clearly as possible: cities, counties, don’t do it.

The federal government’s 2009 Home Affordable Modification Program requires the bank to offer permanent adjustments to homeowners who met the terms of a trial-period modification.

Residential Capital’s disclosure statement for its reorganization was opposed by the U.S. Trustee, which oversees bankruptcy cases for the government.

Investors Thursday seemed to think Annaly's earnings didn't look too bad, especially considering that its mortgage investments—as its CEO describes them—can be “somewhat of a pain in the…”

A Connecticut company struggling to escape extra regulatory scrutiny has taken a big step along the road to recovery.

We're hearing from the NAR who recently wrote to the assistant secretary of housing about the FHA certification and recertification process for condos.

Wells Fargo topped the Mortgage Bankers Association’s midyear ranking of commercial and multifamily mortgage servicers.

Pacific Investment Management Co. and BlackRock are among bond investors seeking a court order blocking Richmond, Calif., and Mortgage Resolution Partners from seizing mortgages through eminent domain.

Over the past few months, Fannie has raised the prices it pays to community-based lenders for mortgage loans.

More than four years after the federal government took control of Fannie Mae and Freddie Mac, lawmakers are finally making progress on housing finance reform.

The Justice Department and the Securities and Exchange Commission have both filed civil lawsuits against Bank of America alleging that the financial institution and certain affiliates defrauded investors about the riskiness of $850 million in residential mortgage-backed securities.

Five California men were sentenced for defrauding hundreds of victims in a real estate scam that included collecting upfront fees for promising loan modification services that never occurred.

Analysts credit improving housing prices and low interest rates that helped homeowners refinance or sell for driving down delinquencies and the average mortgage debt from $188,341 in 2Q12 to $187,635 in 2Q13.

There are questions about how the government-sponsored enterprises’ risk sharing bonds may be treated under Basel III international accounting standards that could affect bank investors’ appetite for them.