Compliance

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.

Deepak Narula rose to fame as manager of the best-performing hedge fund last year by navigating the government’s stimulus efforts. He’s having a harder time as the Federal Reserve moves closer to an exit.

Although 19.8% of all residential properties with a mortgage still were in negative equity positions during the first quarter, this represented a decline from 21.7% at the end of the fourth quarter of 2012.

ResCap has said the payments will save it more than $3 million a month in interest costs and won’t be unfair to lower-ranking creditors because the money will go to pay senior debt.

Accelerate banking caters to Generation X focusing on a mindset aligned with the demands of new entrepreneurs looking for untraditional, stronger banking relationships and faster decision-making opportunities.

The former president and chief executive officer of U.S. Mortgage, a loan servicing company based in Nevada, pleaded guilty for his role in a scheme to defraud Wells Fargo of more than $8 million.

Moody's once again affirmed the servicer quality of Bank of America, N.A. at average despite ongoing measures taken to improve servicing performance.

A report by a visiting professor at the New York Federal Reserve is reviving the debate over using government powers of eminent domain to seize mortgages of underwater homeowners to ease their debt.

Platinum Data Solutions hired Bill King as senior vice president, valuation solutions.

The massive waves of 2005-2007 residential mortgage-backed securities downgrades have finally calmed down a bit, thanks largely to housing improvement.

The new Texas office, which officially opened on June 10, will employ 17 workers, including one supervisor and one manager.