Compliance

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.

The consumer relief data sent to the mortgage settlement monitor show that within the first year since servicers signed the agreement they have distributed $50.63 billion in direct relief to customers.

All eyes are on Texas legislators who in the next few days will determine how the state may use roughly $124.7 million in national mortgage settlement while some insiders worry about potential diversions.

Fannie Mae and Freddie Mac are exempt from Michigan’s state and local real estate transfer taxes, a U.S. appeals court ruled.

Fay Servicing is seeking to hire experienced mortgage professionals living in the greater Chicago area.

Home equity lines of credit increased almost 16% in February 2013 compared to the same month a year ago, rising to $12.4 billion from $10.7 billion.

The lowest credit score which is supposedly available for loans to meet the Federal Housing Administration program standards is 580.

Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency.

New York Attorney General Eric Schneiderman is revising his allegations of foreclosure settlement violations by Wells Fargo and Bank of America.

The qualified mortgage rule is a special carve-out to the ability to repay requirement.