Compliance

The upgrades of the master and primary servicer rating reflect the completion of Wells Fargo's Systems Process Integration project and subsequent operational improvements.

Recent rate volatility created some challenges in pricing Fannie Mae’s recent $1.02 billion DUS REMIC last week but investor demand remained stronger for shorter maturities and support bonds.

Banks are pushing to overturn a legal theory that allows fair lending suits when there is no evidence that the lender intentionally discriminated against a particular racial or ethnic group, as long as the bank's policies had a disparate impact on minorities.

JPMorgan Chase must defend itself against allegations that it charged millions of dollars in improper fees to mortgage borrowers who were in default, a federal judge has ruled.

Consumer advocacy groups are calling on Michigan lawmakers to refrain from passing a new law that would strip certain homeowner protections during the foreclosure process and threaten the still fragile housing recovery.

Although post-crisis commercial mortgage-backed securities performance is pretty good so far, the trend toward minimal interest shortfalls returning to the sector is troublesome, according to Fitch.

Bank of America rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.

Despite a respite from fresh waves of sweeping residential mortgage-backed securities downgrades due to better home prices, due to the still-high delinquency pipeline the risk of a ripple effect from some previous downgrades already in progress remains.

Bankers defended force-placed insurance practices and dodged questions about alleged industry kickbacks and price gouging at a private but well-attended meeting hosted by the Federal Housing Finance Agency.

The prevalence of short sales is likely the most significant factor impacting foreclosure rate improvements and the housing recovery.

DBRS found in a commercial mortgage-backed securities investor survey that the majority of respondents expect their holdings to increase over the next 12 months despite some concerns about loosening underwriting standards in the sector.

A father and son were sentenced in Newark, N.J., federal court for running a fraudulent foreclosure rescue company that obtained $4.4 million in mortgage loans.

Data indicate atypical economic conditions at the local and national level will lead to atypical new delinquency rates that are bound to slow down the housing market recovery during the rest of 2013.

For the most part, qualified mortgage/Ability-to-Repay guidelines should provide a level of compliance certainty. But are they still too severe?

Regulators, creditors, accountants and shareholders all have increased focus on this asset. Basel III implementation may further exacerbate this.

Homeowners are “under paper” and unable to close on a home sale or refi transaction because a mortgage satisfaction has never been recorded in the public records.

A Mortgage Grapevine post is titled “Brokers are going to rule once again!,” where a poster says that with mini-correspondent and jumbo lending programs, the Wall St. conduits will need loans.

First quarter new mortgage originations increased 16% year-over-year following a trend expected to continue alongside falling loan delinquencies and price improvements.

he percentage of commercial mortgage-backed securities loans paying off on their balloon date based on their balance in May slipped to 59.5% from 64.6% in April.