Compliance

One poster is asking the bulletin board’s participants for their opinions on what is the best occupancy verification tool for an originator to use.

According to the Appraisal Institute, the Sensible Accounting to Value Energy Act of 2013 will ultimately help improve the mortgage underwriting process.

The Scottsdale, Ariz.-based landlord, which began buying foreclosed homes and converting them into rentals last year, had planned to raise as much as $260 million in an IPO this week.

With the housing market recovering, Wells Fargo plans to ramp up the marketing of a credit card that allows customers to use reward points to pay down their mortgage.

One company sold a package of fixed-rate and agency-backed MBS. It then parked the proceeds into variable-rate mortgage securities.

Inherent market risks are not stopping real estate owners from choosing to operate as niche real estate investment trusts, according to Fitch Ratings.

A Somerset County, N.J., man faces 108 months in prison for his role in defrauding victims of an investment scheme.

Envoy Mortgage, currently engaged in enhancing and restructuring its mortgage banking capabilities, is choosing in-house servicing over subservicing.

Customer advocacy groups recently targeted Bank of America and JPMorgan Chase headquarters during annual shareholder board meetings to protest against mortgage lending discrimination and abusive foreclosure practices.

Federal Housing Administration officials tried to conceal an analysis showing FHA could face a $115 billion shortfall, a letter from a lawmaker shows.

BlackRock Inc. and other investors agreed to an $8.5 billion settlement with Bank of America Corp. over mortgage loans rather than risk litigation and the bankruptcy of its Countrywide Financial unit.

Bayview Loan Servicing is expanding customer assistance services through a partnership with MortgageKeeper Referral Services that adds financial counseling to the menu.

Most industry stocks were down by more percentage-wise than the Dow, but the most any one individual MIEC stock was down on the day was just 4.65%

We're hearing that two key themes in a white paper by the Bipartisan Policy Center’s Housing Commission earlier this year—the future of the insurance role in the private-label mortgage-backed securities market and how that might be tied to Fannie Mae and Freddie Mac—are gaining momentum.

The U.S. Attorney for the Middle District of Florida said that Joseph Daniele pleaded guilty to conspiracy to commit wire fraud affecting a financial institution.

Lenders and special servicers operating in Nevada may be up for an unpleasant legal surprise if the state’s higher court upholds a 2012 ruling that maintains a private sale of property through receivership is basically the same as a foreclosure sale.

New York attorney general Eric Schneiderman has filed a lawsuit that accuses HSBC Bank USA and HSBC Mortgage Corp. for intentionally trapping homeowners into a foreclosure processing maze.

A bipartisan group of U.S. senators is putting the final touches on a bill that would liquidate Fannie Mae and Freddie Mac and replace them with a government reinsurer of mortgage securities behind private capital.

The Center for American Progress appointed former Rep. Brad Miller, D-N.C., as senior fellow for economic policy.

Starting at the beginning of June, servicers will be responsible to manage law firms to handle all new referrals of default-related legal services associated with Fannie Mae mortgages, but Freddie Mac gave servicers two more months to make the transition to some of these guidelines.