Compliance

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.

The settlement ends an effort by International Fund Management of Luxembourg, DekaBank of Germany, and other investors to recover losses.

Wells Fargo chief financial officer Tim Sloan said he doesn’t foresee a new housing bubble even as home prices rise at more than 10% annually.

A Connecticut real estate attorney and licensed mortgage broker was sentenced to 30 months in prison for his role in a Fairfield County mortgage fraud scheme.

BNY Mellon has responded to a market practices group’s recommendation that exposures from forward-settling transactions, inclusive of agency mortgage-backed securities, be margined bilaterally.

We're hearing lenders are under increasing pressure to make sure nonpublic, personal information about their customers does not find its way into the public realm.

A New Jersey resident has admitted to conspiring to defraud owners of timeshare properties by offering phony consulting services, including timeshare mortgage servicing.

Industry-driven solutions based on some of the most pressing issues facing real estate valuation today are crucial to the mortgage marketplace today as it adopts to the post-crisis reality.

Bank of America’s $8.5 billion settlement with mortgage-bond investors is set to be considered by a New York court two years after the lender struck the deal to resolve claims over home loans bundled into securities.

A federal jury in the Eastern District of California returned guilty verdicts today against two defendants who led a national foreclosure rescue scam.