Compliance

Two $1 billion losses affecting private-label residential mortgage-backed securities that were taken due to a change in reporting methodologies as loans with principal forbearance changed hands may be the worst of these types of losses.

The long-term rate-indicative 10-year Treasury bond leapt close to 20 basis points Friday morning following the release of Friday’s payroll report.

A former bank executive faces two years in prison and a $2.4 million restitution payment after pleading guilty to one count of misapplication of bank funds.

Is the mortgage market robust enough to say no thanks to the Fed’s easing, which has kept rates at record lows for years.

Bank of America Corp. must face lawsuit claims brought by a Texas county over government fees it avoided by using Merscorp Inc. to track property transactions.

We're hearing some good news for Fannie Mae and Freddie Mac in regard to the payment of state and local transfer taxes on the sale of real estate.

A resident of North Las Vegas has filed a legal complaint seeking to block that city’s move to use eminent domain as a means of resolving distressed mortgage woes.

Treasury 10-year yields have dropped about 20 basis points since rising to 2.66% on June 24, the highest level since August 2011.

The issuer was a governmental agency who was authorized to issue bonds on behalf of a public benefit corporation for the purpose of providing low-income housing.

The downgrade to speculative grade reflects the city’s fiscal distress, which is evidenced by the second consecutive year with a resolution declaring a state of emergency.

The Consumer Financial Protection Bureau has advised banks and other financial companies how to respond to an investigation to minimize the risk of punishment.

Servicing and other remaining risks will limit how much the performance of securitized residential mortgage loans originated during 2005-2008 will benefit from rising home prices.

DataQuick has begun offering through its website data, analytics and research for lenders, originators and investors based on its national property database and other industry resources.

Sabal Financial Group CEO Pat Jackson sees niche business growth opportunity within the third-party servicing space.

Jeffrey Whaley of Sevierville, Tenn., faces five years in prison for his May 2012 federal convictions for wire fraud, bank fraud and money laundering arising from a mortgage fraud scheme.

Home Loan Servicing Solutions and HLSS Management have entered into a senior secured term loan facility agreement with JPMorgan Chase Bank.

There has not been a great deal of buzz surrounding the CFPB complaint database thus far, but servicers could gain valuable perspective simply by understanding the process.

Ballard Spahr’s long-term expansion goals have now led to the creation of Ballard Spahr Stillman & Friedman in New York.

Two officers of an Arizona mortgage lender are going to prison for defrauding a Troubled Asset Relief Program recipient.

Mutual thrift defections from the Office of the Comptroller of the Currency should decline now that once-nervous bankers have gotten a chance to get familiar with the regulator.