Compliance

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.

Even though many industry insiders say extending HARP is the right decision, there are some who believe even more needs to be done to the program so a greater amount of consumers can utilize it.

Sabal Financial Group is expanding its commercial mortgage-backed securities business with the launch of a transaction support services division called Sabal Commercial Advisors.

Especially markets hit hardest by the housing crisis are the most attractive options for REO-to-rental investors. But how can servicers and investors identify which markets will achieve the greatest ROI?

MFA Financial generated first-quarter income with per common share of 21 cents and net income to common shareholders of $75 million.

There is a lot of damage a disgruntled customer could make by airing their grievance through social media.

Findings from the inaugural TD Bank Mortgage Service Index show that compared to the general population lenders have failed to provide a satisfying homeownership experience to 43% of Hispanics.

Lenders still are looking for better ways to encourage borrowers to seek assistance and learn about homeownership.

Old Data is dead, long live New Data.

A bill aimed at speeding up the residential mortgage foreclosure process in Florida made it one step closer to becoming a law.

Bank of America asked a federal judge to dismiss a $1 billion fraud lawsuit filed by the U.S. alleging it sold defective residential mortgage loans to Fannie Mae and Freddie Mac that defaulted.