Compliance

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.

Reflecting on the industry forecast offered by Mortgage Bankers Association economists Jay Brinkmann and Michael Fratantoni, three different images are coming to mind.

As servicers try to comply with all of the new industry regulations being issued today, ISGN is doing their part in helping companies maintain compliance to these regulatory requirements.

New findings reveal a large number of Americans still know little about credit scores.

Housing price gains and the critical role of valuations during the recovery may require lenders to watch over an appraiser’s shoulder.

Sterling Savings Bank has completed the acquisition of the Seattle-area operations of Boston Private Bank & Trust Co.

Regulatory efforts to change Community Reinvestment Act rules are far too timid, according to consumer groups.

Bank of America said New York Attorney General Eric Schneiderman has no right to take enforcement action against the bank over claims that it violated terms of a nationwide foreclosure settlement.

An investigative report on Ally Financial’s relationship with its bankrupt mortgage arm, Residential Capital, may affect settlement talks between the companies and creditors who blame Ally for $25 billion in potential claims.