Compliance

Mary Armstrong pled guilty to all five counts of an indictment charging her with wire fraud, money laundering and conspiracy.

Timothy Shannahan became the fourth person to admit conspiring with Kathryn Sylvester, the former CEO of Sylvester Financial Inc., to commit mortgage fraud.

Mortgage Grapevine poster UpstateMortgageGuy is asking how can someone close loans for professionals like doctors and teachers who are not getting paid during the summer.

In the Illinois Legislature a bill has overwhelmingly passed the House which is designed to reduce the filing of fraudulent documents with the county recorder of deeds.

First-quarter earnings confirm that recent mortgage servicing portfolio purchases already have and will continue to strengthen the financial performance of Walter Investment Management Corp.

The Census Bureau recently reported that the U.S. homeownership rate fell to 65% in the first quarter, down from 65.4 % a year earlier, putting it at its lowest level since the third quarter of 1995.

Cerberus Capital Management is entering the booming market for single-family homes to rent.

Foreclosure activity in April fell to its lowest level in approximately six years, showing signs that a housing recovery is in full effect.

Barclays’ analysts are urging investors to not miss out on the benefits of risk-sharing agency financing rules.

For the first time since 1996 the number of suspicious activity reports filed by depository institutions that identified possible mortgage loan fraud experienced a year-over-year decline.

Congressional use of guarantee fees to fill funding gaps could cause more Federal Housing Administration loans to be originated, some worry.

TransUnion data show the national delinquency rate hit its “first major decline” since the crisis dropping to 4.56% in the first quarter, but it is not clear whether improvements will last.

The Appraiser Independence Requirements and its precursor, the Home Valuation Code of Conduct, changed the process for lenders ordering appraisals.

The Consumer Financial Protection Bureau has incorporated feedback from the industry and customer groups in the final changes to the remittance transfer rule.

Fannie Mae and KPMG LLP agreed to pay $153 million to settle an eight-year-old investor class action.

We're hearing at the MBA’s secondary market conference that with many housing finance indicators and forecasts suggesting a downshift in refinancing and a modest pickup in purchases on the way, market participants do not want to be caught unprepared.

The April Clear Capital Home Data Index shows home price gains in “stark contrast” to the 1.4% home price declines of April 2012.

Bound by law in two different ways: the expectation to comply with the new mortgage servicing rules and investor demands, mortgage servicers still are navigating through the regulatory changes.