Compliance

No one knows how many borrowers have ended up in foreclosure as a result of the continued use of dual tracking.

In this segment of a roundtable discussion from the 2013 Mortgage Bankers Association’s National Fraud Issues Conference, the panelists explain how a closing agent is now doing a vendors job verifying the information that is submitted on a loan application.

Residential Capital will ask a judge today to approve a $2.1 billion deal with its parent Ally Financial Inc. before unveiling a report into the disputes they settled.

After including new issuance the so-called serious delinquency rate is at 8.2%.

Freddie Mac is preparing to market mortgage securities that will share with investors the risk homeowners don’t repay their government-backed loans, according to a person with knowledge of the plans.

The Miami Beach home of Centrust’s former chairman David Paul was sold for $30 million.

Last November, Lorraine Brown pleaded guilty to conspiracy to commit mail and wire fraud. In May, she was sentenced to a 40-month prison term on a racketeering charge in a robo-signing case in Michigan.

Banks face a looming financial risk from home equity loans, an international ratings agency is warning.

We're hearing a lot about underwriting loosening a bit in the residential mortgage world.

Sen. Elizabeth Warren is turning up the heat on the Federal Home Loan Banks for offering cheap financing to private student loan provider Sallie Mae.

Demand for valuation analytics lead LoanLogics and Platinum Data Solutions into a partnership that links loan performance reporting to collateral valuation technology.

With delinquency rates declining and an increased number of loan modifications and refinances taking place nationwide, one of the burning questions for Realtors who specialize in selling bank-owned homes is whether it is the end of REO properties?

UDR Inc. and several of its affiliates engaged in a continuous pattern of discrimination against disabled individuals by designing multifamily public use buildings without those required accessibility features.

The U.S. Supreme Court has decided to review the legality of several recess appointments made by President Obama which has huge implications for the Consumer Financial Protection Bureau.

Mayor Michael Bloomberg's $20 billion storm-resistance plan for New York City consumes 430 pages.

According to CondoVultures, 139 high-rises are currently under construction or set to rise from the ashes of the South Florida condo fizzle of 2007.

Flagstar Bancorp will pay $105 million to settle allegations it misrepresented the quality of loans backing securities insured by Assured Guaranty.

After five years in conservatorship, Fannie Mae and Freddie Mac still use separate automated underwriting systems with different credit standards.

Federal Reserve chairman Ben Bernanke has given a little bit more guidance on where the Fed is headed with its plans for unwinding mortgage-backed securities purchases.

We're hearing more and more cities are flirting with the use of eminent domain to condemn mortgages and that is going to cause a lot of trouble for the HUD secretary.