Compliance

Allstate, the largest publicly traded U.S. home and auto insurer, sued Citigroup in State Supreme Court in Manhattan in 2011, along with banks including Deutsche Bank AG, Bank of America Corp. and Morgan Stanley.

National Center for Policy Analysis senior fellow Pamela Villarreal, who authored the study, calls reverse mortgages complicated and expensive.

Prior to 2012 the scale of institutional involvement in acquiring single-family homes for the purpose of “rent and hold” was small to almost nonexistent. Things have certainly changed.

JPMorgan Chase named former U.S. Treasury Department official Darius Kingsley as co-general counsel of mortgage banking.

Court delays and subsequent foreclosure proceeding backlogs, often referred to as the “shadow docket,” have become a major burden on both homeowners and the judicial system.

With this acquisition, Wingspan expands the size of its company to approximately 2,000 employees.

The Federal Financial Institutions Examination Council's proposed compliance rules for banks' use of social media are sweeping and broad.

With house prices climbing at the fastest pace in seven years and investors swamping the rental market, one hedge fund manager says it no longer makes sense to be a buyer.

Citigroup has agreed to settle a lawsuit by the federal government that charged the bank with misleading investors in the run-up to the mortgage meltdown.

Kroll Bond Rating Agency has released a presale report on a $1.4 billion commercial mortgage-backed securities deal in which some large split loans are or will be shared with other securitizations.

BuckleySandler hired Benjamin Olson, the former deputy assistant director for the office of regulations at the Consumer Financial Protection Bureau, to expand the firm’s government enforcement and regulatory practice.

Three executives from the now-defunct Bank of the Commonwealth and a borrower were convicted by a federal jury in Virginia for fraud that cost the Federal Deposit Insurance Corp. an estimated $268 million.

A bipartisan group of senators is drafting legislation designed to reform the housing finance system, including a plan to wind down the government-sponsored enterprises.

What is being disputed in the courts is when the clock starts ticking on the statute of limitations.

While principal forgiveness is compelling, making it widespread is problematic.

The Consumer Financial Protection Bureau believes the final qualified mortgage rule won’t impinge on 90% of loans of being originated today, but lenders don't.

Mackie Wolf Zientz & Mann, a default legal services provider to the mortgage banking and financial services industries, is expanding its business operations into Tennessee.

Home Loan Servicing Solutions completed an acquisition from Ocwen Financial Corp. of rights to receive servicing fees and other advances on subprime and alt-A residential mortgage loans.

Lender Processing Services has had a turbulent couple of years since the beginning of the robo-signing scandal from 2010 to the present day that included lawsuits, a consent order and several settlements of charges. The robo-signing allegations involved an LPS unit that allegedly created bogus mortgage assignments so that foreclosures may be processed more quickly and efficiently.

We're hearing about new rules in the works for mortgage and real estate professionals in New York.