Compliance

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.

A New Jersey man faces 60 months in prison followed by three years of supervised release as well as more than $700,000 in restitution payments in the wake of his guilty plea to fraud and money laundering charges in a Lancaster, Pa., area real estate scam.

A common refrain in Washington these days is that the Federal Housing Administration plays an outsize role in the mortgage market and should return to its traditional market share of 10% to 15%.

Treasury Secretary Jacob Lew said a one-time payment from Fannie Mae confirms that the nation’s debt ceiling won’t be reached until September.

KeyBank Real Estate Capital has agreed to purchase billions in commercial mortgage servicing rights from Bank of America, which will single handedly bring KeyBank’s CMBS servicing portfolio to the nation's top three.

The additional services that North County Property Group is now providing clients include a 10-point property marketing program, REO portfolio services, eviction services, and a referral program for cooperating real estate brokers and agents.

The Securities and Exchange Commission has charged the City of Harrisburg, Pa., for misleading investors about its financial health.

In the post-crisis housing market appraisal reports are becoming as important as credit scores, requiring lenders and servicers to be more inventive with the tools they use to assess real estate value risks.

It appears that one of the chief enforcement tools of the Consumer Financial Protection Bureau is the use of the horizontal audit.

MBIA Inc. started the year off much better this year than it did last year, with an adjusted pretax loss of only $20 million for the first quarter compared to $548 million in 2012.

Industry leaders participated in a roundtable discussing the latest trends in mortgage fraud and what lenders and servicers can do to detect illegal loan applications they receiver from a borrower.

The refinancing boom is stressing lender capacity, according to a Federal Reserve governor, and it provides a partial explanation for the low level of purchase-mortgage originations.

Market data including findings from various mortgage delinquency reports are simultaneously pointing to a housing market recovery and emanating uncertainty.