Compliance

UBS reported an increase in second-quarter profit and said it’s close to a settlement over U.S. mortgage-backed bond sales.

Wells Fargo and Citigroup are laying off hundreds of employees at their mortgage units.

Quality Mortgage Services finds the leading compliance problems in the mortgage origination process all happen when taking the initial loan application.

SunTrust Banks reported earnings of $1.31 per share for the first half of 2013, 36% higher than the first half of 2012.

Anyone thinking lawmakers are close to a consensus on housing finance reform was sorely disappointed by what they heard at a House hearing on July 18.

A St. Louis capital firm owner whose company helps customers refinance commercial and real estate loans was indicted by a federal grand jury on three counts of wire fraud.

We're hearing that the change in interest rates from ever-decreasing to something else is a short-term phenomenon, but also a long-term one.

The filing launches a 30- to 90-day process that will determine whether the city is eligible for Chapter 9 protection.

A greater number of real estate investors are deciding to enter the flipping market this year.

New Residential completed an additional closing of excess mortgage servicing rights on loans with an unpaid principal balance of roughly $34 billion acquired from Nationstar Mortgage and Bank of America.

The U.S. Government Accountability Office has agreed to a congressional request to investigate the massive data collection efforts at the Consumer Financial Protection Bureau.

Blackstone Group said second-quarter profit more than tripled as holdings rose and its funds realized profits.

Fitch did note that while multifamily starts were down in June, the residential numbers were better.

We're hearing about significant changes to the Idaho Residential Mortgage Practices Act which took place as of July 1.

Despite the recent market turbulence Home Loan Servicing Solutions reported net income of $27.9 million for the second quarter and expects to see further growth.

New business practices mandated by regulators in an effort to reform the primary mortgage servicer market appear to have leveled off large versus small bank differences in customer satisfaction.

A Securities and Exchange Commission lawyer found himself sparring with his own witness, a former top Paulson & Co. executive who claimed the agency intimidated and tricked him.

At least $238 million of the more than $575 million that was raised for Sandy relief had not been spent as of April of this year.

Raj Date estimates that nonqualified mortgages make up as much as $1.5 trillion of the $10 trillion home-loan market.

Fay Servicing has developed an employee training program that focuses on borrower management skills and teaches new hires how to foster close relationships with mortgage borrowers.