Compliance

In the second year of the U.S. housing recovery, the loans that helped trigger the housing bust are making a comeback.

NYCmortgageLO posts on the Mortgage Grapevine that a client had a large deposit in his or her bank account in March, but no large deposits in the more than 90 days since.

The gulf between two competing plans to reform the nation's housing finance system appeared ever wider Tuesday even though House Republicans were poised to advance their bill to a full floor vote.

Distressed homeowners are redefaulting in droves on loan modifications received through a government program.

A steep rise in home values that resulted in a new wave of foreclosure starts in California during the second quarter was not enough to eliminate gains of recent years indicating the state's housing recovery will prevail.

According to evidence presented during the six-day trial, Daren Gadsden transferred funds from the HABC bank account to an account he set up with co-conspirators.

The Consumer Financial Protection Bureau has sued a mortgage lender for allegedly violating the loan officer compensation rule by paying bonuses to LOs that charge consumers higher interest rates.

While Detroit’s troubles are not new, its Chapter 9 bankruptcy filing is triggering national concern over whether it is a sign of more trouble to come.

Freddie Mac increased the size of its sale of a new type of debt tied to the risk that homeowners will fail to repay their mortgages.

The bonds were all previously rated either CCCsf, CCsf, or Csf, which indicates that Fitch expected a default.

Upgrades might be in store for some Russian residential mortgage-backed securities thanks to recently enacted amendments to the country’s MBS law.

A legal-support firm under investigation by the Consumer Financial Protection Bureau is accusing the CFPB of overstepping its bounds in demanding personal information about the firm's clients.

The Consumer Financial Protection Bureau is already the busiest federal bank regulator in recent memory.

Prospective apartment renters nationwide are having an easier time meeting their lease obligations and avoiding default in the first quarter.

Quarterly origination estimates for this year drifted a little lower in Fannie Mae’s latest monthly economic outlook report.

PBI Bank lost a jury verdict that requires the financial institution to pay compensatory damages of $1.5 million and $5.5 million in punitive damages to a real estate developer.

The appeals court has set an Aug. 28 deadline for NCUA to file a written brief in the case.

The aggregate nonagency mortgage loan roll rates from current to delinquent have significantly improved, dropping to their lowest levels since early 2007.

Excessive housing cost burden is a big negative in a housing market that is continuing to turn around.