Compliance

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.

The demand for homeownership has always been a primary indicator of the state of the national economy.

Higher numbers of short sales on securitized residential mortgage loans helped bring down first-quarter losses.

Citigroup’s first-quarter profit rose 30% as revenue from fixed-income trading and investment banking exceeded analysts' estimates.

Residential mortgage banking revenue contributed to M&T Bank’s $68 million year-to-year increase in overall net income to $274 million in the first quarter.

New Ernst & Young data indicate a major shift in the nonperforming loan market as investors from both sides of the Atlantic eye European assets.

Sen. Barbara Boxer is urging officials to investigate whether banks are complying with certain provisions of the national mortgage settlement announced last year.

Mortgage Builder is seeing a large spike in the number of people utilizing their work groups talking about key industry issues.

CoesterVMS has launched a self-serve online platform that allows lenders to verify compliance with all third-party regulations set forth by the Consumer Financial Protection Bureau every time an appraisal is completed.

A former Credit Suisse managing director has pleaded guilty to conspiring to falsify his company’s books and records.

Rhode Island Supreme Court justices in a ruling held that naming Mortgage Electronic Registration Systems as mortgagee is consistent with Rhode Island law.