Compliance

The majority of the stocks in this publication’s Mortgage Industry Equity Composite were up at the close of the business day Wednesday.

The March FNC Residential Price Index data add to a growing list of research findings that confirm the U.S. housing market continues to recover at a steady and persistent pace.

The defendants marketed their national businesses as purchasers of distressed real estate where vulnerable homeowners could avoid foreclosure and the accompanying negative effects on their credit.

Persistent economic concerns will slow down the pace of recent commercial real estate performance improvements, according to Moody's.

The Senate Agriculture Committee has approved a farm bill that would grandfather most rural communities that are currently eligible for Rural Housing Service loans.

Popular is using a recent windfall to bankroll an aggressive sell-off of struggling mortgages.

Fitch Ratings has finalized its loan-level model for estimating losses on prime Canadian mortgage pools.

Wells Fargo and insurer QBE have agreed to pay $19.3 million to settle claims that they overcharged homeowners in Florida on lender-placed insurance policies.

Lender Processing Services has agreed to pay $14 million to settle claims the company deceived investors about its business practices.

To better serve the needs of homeowners in New York SafeGuard Credit Counseling Services is using the IndiSoft RxOffice Premium Counselor Edition platform.

Ally Financial has entered into a settlement with the creditors of its former subprime lending subsidiary Residential Capital.

Wells Fargo has upgraded to $3.2 million a fund designated to compensate African-American and Hispanic borrowers in Philadelphia who allegedly suffered from predatory lending practices.

U.S. households reduced debt during the first quarter by 1% to the lowest level since 2006.

FirstREX plans to separately fund through an equity investment up to half of the borrower’s downpayment required on a HomeStreet Bank single-family purchase loan.

Mortgage fraud is a problem that servicers and lenders have dealt with for a long time and it does not seem to be going away anytime soon

One economist sees signs that mortgage credit conditions are beginning to loosen.

New York Attorney General Eric Schneiderman announced on May 7 plans to sue Bank of America and Wells Fargo for allegedly violating their obligations under the national mortgage servicing settlement.

Scott Simon, a managing director and head of mortgage-backed securities at Pacific Investment Management Co., is bucking the conventional wisdom that says Fannie Mae and Freddie Mac need to be reformed to encourage private capital to move back into the housing market.

Oscar Torres pleaded guilty to participating in two separate mortgage fraud conspiracies that involved bank losses of over $20 million.

In issuing the qualified mortgage rule, the Consumer Financial Protection Bureau wanted to insure the new regulations would not disrupt the mortgage market.