Compliance

Ally Bank has completed the sales of $115 billion in unpaid principal balance of agency mortgage servicing rights to Ocwen Financial and Quicken Loans.

Democratic lawmakers raised numerous concerns over the mortgage servicer settlement announced in January, including how banks are credited for relief they provide to borrowers.

Private mortgage insurance companies may have to meet new standards set by the Federal Housing Finance Agency if they are going to continue to insure loans guaranteed by Fannie Mae and Freddie Mac.

Federal Reserve Gov. Elizabeth Duke said the U.S. economy is strengthening as credit conditions improve in most areas except the mortgage market.

Bank of America has agreed to settle with investors who alleged that Countrywide misled them about mortgage-backed securities sales.

Xerox has restructured its signature lending platform to facilitate data exchanges between lenders, servicers, investors and third parties.

From smartphones and tablets to social networking, technology infiltrated the way we live so immensely it is hard to imagine not having them constantly at our fingertips.

It would almost seem reasonable for large banks to first extend the Home Affordable Refinance Program to those most at-risk, but many still need help.

A real estate investor has entered a guilty plea related to his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.

Regulatory change is taking increasingly bigger bites out of community bank lenders' bottom lines.

Community bankers sounded more warnings about the Dodd-Frank reform law and proposed Basel III requirements.

The more regulators look into borrower complaints as an indicator of servicing quality, the more servicers are bound to expand borrower-related datasets and behavioral analytics to minimize loan default risk.

The Equifax March National Consumer Credit Trends report shows that a total of $43.1 billion in mortgage loan balances was written off in the first quarter of 2013.

The Consumer Financial Protection Bureau has proposed slight tweaks to help clarify mortgage rules first issued in January.

A federal court has dismissed civil negligence charges against Todd Lane, who had been chief financial officer of WesCorp FCU.

The National Foreclosure Mitigation Counseling program is making $70 million available to various agencies across the country.

Five co-defendants arraigned on various fraud and money laundering charges involving several northwest Arkansas real estate transactions and related financing are pleading not guilty to all charges.

Kroll Factual Data said it saw a 1.6% average decrease nationwide regarding possible fraud in applications it processed in 4Q12 when compared with 3Q12.

As mortgage fraud shifts from a refinance market to a purchase market, a major concern for lenders and servicing shops is how to get their staff ready for the upcoming trend in risk management.

Buyers of failed banks used to partner with the Federal Deposit Insurance Corp. to split losses from noxious portfolios. But such deals are dwindling.