Compliance

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.

New Residential Investment Corp. has invested $38 million to acquire certain cash-flow privileges from mortgage servicing rights recently acquired by Nationstar Mortgage.

At a hearing of a House financial institutions subcommittee, several lawmakers focused on the agency's qualified mortgage rule, arguing it was too strict and needed to be reworked.

FeatherStone Investment Group has begun underwriting and structuring its first rental income securitization.

Deirdre Daly, acting U.S. attorney for the District of Connecticut, said Daniel Monterio waived his right to indictment and pleaded guilty to one count of conspiracy to commit bank fraud, wire fraud and money laundering

Recent decreases in first-mortgage default rates are contributing to continuous improvements in the financial condition of most U.S. consumers.

Year-over-year Illinois home sales increased 25.3% in April marking the best spring performance since 2007.

During the last decade, process serving has become more of a science than a paper delivery service.

A federal judge has revived a lawsuit that charges JPMorgan Chase with misrepresenting the quality of loans that backed securities sold to a Belgian bank.

Both Freddie Mac and Fannie Mae are providing relief policies for borrowers who have been affected by the devastating tornado that struck Oklahoma and other nearby states.

The five banks that are part of the national mortgage settlement have now provided more than $50 billion in benefits to consumers.