Compliance

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.

Fannie Mae and Freddie Mac shareholders sued the U.S., alleging that the 2008 takeover of the housing lending giants was illegal and cost investors billions of dollars.

As the mortgage market changes from a refinance market to a purchase market over the next several months, a shift in fraud risk trends will take place during this time that lenders need to be aware of.

Recent publicity surrounding high-profile convictions involving foreclosure rescue scams may be obscuring some good news: the prevalence of this type of fraud seems to be waning.

Negotiations that led to an $8.5 billion mortgage-bond settlement between Bank of America and institutional investors were tense and combative, the bank’s chief risk officer testified.

Bank of America's recent attempts to get some existing mortgage customers to refinance sounds eerily like a sales pitch from the bubble days of 2005.

New rules show the importance for lenders’ own sakes to make sure their customers know what is going on.

Global commercial real estate advisory services provider Situs has expanded its bank and loan advisory group by adding two directors and two vice presidents.

Standard and Poor’s is warning that new conduit commercial mortgage-backed securities deals, particularly those issued in the second quarter, are riskier compared with other recent vintage transactions.

Despite home price increases taking place in many real estate markets this year, potential sellers are still reluctant to list their properties for sale, therefore creating tight inventories for prospective buyers.

Each subsequent compliance conference is sporting record attendance by folks that are concerned—scared—about the pending changes to the mortgage lending landscape.