Compliance

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.

It was being a working capital lender that led Fidelity Bank into the mortgage warehouse business in the late 1980s.

Federal Reserve Bank of Dallas president Richard Fisher said the central bank is closer to slowing $85 billion in monthly bond buying and warned investors not to rely on that stimulus.

HSBC Holdings said possible damages from a lawsuit filed by a U.S. regulator over improperly sold mortgage-backed securities could cost the bank as much as $1.6 billion.

We're hearing when economic times are hardest, the mortgage industry seems to become the most generous.

Dave Vida of LenderLive Network is one of many in the industry who does not see “anything too new in the loss mitigation space,” but recognizes it has been transformed by the foreclosure crisis.

AAA-rated junior classes in new commercial mortgage-backed securities transactions are getting thinner.

The desire to responsibly and successfully own a home is growing again within the hearts of families.

A Texas bank, 11 state attorneys general and a libertarian group are planning to continue their legal fight to overturn several sections of the Dodd-Frank Act.

Federal prosecutors in Cleveland filed papers Aug. 2 seeking to seize a home owned by Alex Spirikaitis, the fugitive CEO of Taupa Lithuanian CU.

Allstate’s 2011 lawsuit against Goldman Sachs over the alleged fraudulent sale of residential mortgage-backed securities has been discontinued.