Compliance

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.

Standard & Poor's Ratings Services said it raised its long-term issuer credit rating on District of Columbia Housing Finance Agency by one notch to A from A-minus.

A combination of improving payment behavior and decreasing delinquencies have brought some stability to the mortgage market, according to Equifax.

U.S. home-loan bonds without government backing tumbled last month to leave several types of the debt trading at their lowest prices of the year.

Some observers suspect regulators might punt on finalizing how banks should calculate their capital for residential mortgages, deferring on the issue.

We're hearing Hurricane Sandy is back in the news, with New York City unveiling an ambitious plan to beef up storm defenses and HUD announcing a design competition focusing on building more resilient structures.

House appropriators have voted to slash the budget of the Department of Housing and Urban Development.

The number of securitized U.S. commercial mortgage loans transferred into special servicing has dropped substantially at roughly 45% over the last year.

Besides DataQuick Information Systems, CoreLogic is buying the credit and flood services operations from DataQuick Lender Solutions.

How can the mortgage banking industry prepare, based on lessons from these previous storms, and protect themselves if and when this happens again?

Banco Popular de Puerto Rico completed the sale of a $438 million portfolio of nonperforming residential mortgage loans at a loss.