Compliance

A Las Vegas mortgage agent was sentenced to serve 15 months in prison for participating in a fraud scheme that generated more than $1.2 million in fraudulent mortgage loans.

More than a year after attorneys general in nearly every state agreed to a $25 billion deal with the five biggest servicers several officials and housing advocates are crying foul over how banks are complying.

In the modern world, paper documents are an obstacle between servicers and their own potential competitiveness.

Genworth U.S. Mortgage Insurance's CEO said private mortgage insurance is currently very competitive with the Federal Housing Administration.

Demand for prime purchase mortgages picked up over the past three months and a few banks relaxed their credit standards.

A recent sheriff sale in New Jersey indicates distressed property sale prices are the new residential property value metric in hard-hit areas with large inventories.

A common securitization platform is under full scale development and should be ready for significant testing by next year.

JPMorgan and Credit Suisse said New York was relying on recycled claims from private lawsuits.

Thomas Marano is leaving the chief executive officer’s post at Ally Financial Inc.’s bankrupt Residential Capital mortgage unit.

When you speak to servicers nowadays, the number one concern many companies are battling right now is complying with new industry regulations.

A Connecticut attorney involved in a mortgage scam is facing 21 months of imprisonment following his recent sentencing in U.S. District Court.

Real estate investment trust American Capital Agency Corp. recorded a comprehensive loss for the first quarter of $557 million.

Bank of America’s proposed $8.5 billion settlement with mortgage-bond investors should be rejected by a New York court, American International Group said.

After President Obama officially nominated Mel Watt to head the Federal Housing Finance Agency and replace the current acting FHFA director Edward Marco, Frank and Brian look into this in the latest National Real Estate Post video.

The question of the day on the Mortgage Grapevine actually the question of the past few years among originators is “are underwriting guidelines too tight?”

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 changes.

Lorraine Brown, former president of the mortgage document processor DocX LLC, was sentenced to at least 40 months in prison on a racketeering charge in a robo-signing case.

A former loan officer has been sentenced by a U.S. District Court judge to 151 months in prison.

CoreLogic has integrated compliance and fraud risk mitigation solutions into seven loan origination systems.

Zacks Equity Research analysts warn that legal tussles about past mortgage-backed security deals faced by JPMorgan Chase, Citigroup and other megabanks are bound to lead to increased legal risk.