Compliance

James Cockinos was sentenced to one year in prison for his role in conspiring to commit bank fraud in order to secure a $1.48 million residential real estate loan.

Moody's Investors Service has downgraded four tranches issued by Bravo Mortgage Asset Trust 2006-1.

Fabrice Tourre, the former Goldman Sachs Group vice president on trial for his role in a failed $1 billion investment, was found liable on six of seven claims by a jury in Manhattan.

House Republicans are asking the Consumer Financial Protection Bureau for documents related to work on its qualified mortgage rule amid claims that former employees are seeking to profit from measures they helped write.

Bank of America Corp. said federal and state agencies plan to press more civil claims tied to mortgage and debt offerings.

The CFPB has issued a formal policy in which it encourages lenders to come forward and provides specific guidelines as to the extent of forgiveness.

One mortgage compliance expert compares rules enforcement to the construction of an automobile.

We're hearing from New York, known as the Empire State.

Analysts expect securitized commercial mortgage loans will be strong enough to shoulder interest rate increases at refinance when they come due in 2022 and 2023.

NCUA banned a former real estate appraiser used by Deere Harvester CU for filing false appraisals to allow members to refinance their home loans with the Davenport, Iowa, credit union.

The total balance of first-mortgage loans 90 days past due or in foreclosure was $325 billion in June.

Ocwen is close to reaching a settlement with federal regulators and it appears the giant servicer will agree to make cash payments to borrowers who were harmed during the foreclosure process.

Legislation to reform the Federal Housing Administration sailed through the Senate on Wednesday, but the bill's future remains up in the air as Congress prepares to break for the August recess on Friday.

National Mortgage Insurance Corp. has agreed to insure about $5 billion in residential mortgages in its first risk transfer transaction with Fannie Mae.

A comparative TransUnion study revealed that consumers’ credit card payment habits and lending risk mirror attitudes towards mortgages and auto loans.

Ally Financial said its second-quarter loss widened on costs from a mortgage settlement and higher provisions for soured car loans.

DataQuick has developed an advanced title analysis tool that enables users to better understand market changes and adjust their business strategies accordingly.

A federal appeals court has directed NCUA and Barclays Capital to negotiate a possible settlement of claims in the corporate credit union crisis.

As a result of this scam, the loan funding companies lost nearly $1.3 million.

With mortgage rates dipping to all-time lows over the past couple of years, homebuyers had no choice but to become spoiled. Unfortunately, nothing good lasts forever.