Compliance

We're hearing that it hasn’t been easy to be a real estate investment trust mortgage-backed securities investor recently.

Some wild and crazy letters of explanation from consumers to originators about having bad credit.

Nationstar Mortgage Holdings was sued for failing to complete a $150 million sale of residential mortgage loans it offered at auction.

The Federal Bureau of Investigation arrested a former California mortgage broker earlier this month at his home for a violation of bank fraud.

Richmond, Calif., is the first city in the nation to try eminent domain as a way to stop foreclosures.

Stonegate Mortgage Corp. has opened a new branch in Brandon, Fla.

The U.S. homeownership rate, which soared to a record high 69.2% in 2004, is back where it was two decades ago, before the housing bubble inflated and ripped more than 7 million Americans from their homes.

The Tax Foundation's economic model finds that after the effects of wiping out the mortgage deduction are fully phased in, the economy would shrink by $254 billion.

Due process is an integral piece of each failed transaction.

A recent settlement that also orders mortgage debt collection procedure changes may give another boost to already intense federal efforts to prevent unlawful practices and change the industry.

The Consumer Financial Protection Bureau's crackdown on Castle & Cooke Mortgage is the first in what could be a string of enforcement actions against mortgage originators for allegedly failing to follow new loan officer compensation rules.

Fortress Investment Group has closed its Fortress MSR Opportunities Fund II at $1.1 billion on grounds of substantial future opportunities in the residential mortgage servicing rights market.

Mortgage Network was able to pare down redundant systems used in the origination process.

Kroll Factual Data found possible fraudulent activity in loan applications increased 1.06% on average between the first quarter of this year and the fourth quarter of last year.

The conspirators supposedly operated a fraudulent timeshare resale scheme in Green Bay that resulted in at least 1,000 victims in 20 states and Canada being defrauded of over $2.3 million.

We're hearing that the Senate is bracing for a fight over the confirmation of Rep. Mel Watt to be the new GSE regulator.

Renewed agency reform and rate increases, as well as agency mortgage-backed securities volatility, increase the need to illuminate repo funding risks.

New York City Comptroller John Liu called on the New York City Housing Authority to reject a plan to raise $750 million in a new bond issue.

The American Land Title Association has created assessment procedures to help mortgage originators to determine if a title professional meets the seven pillars of its best practices statement.

A Fitch survey revealed that Carrington Mortgage Services has approximately $300 million in principal forbearances that have not been reported as losses.