Compliance

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.

The broker business is going to be growing over the next two-to-three years.

The Department of Housing and Urban Development introduced an expansion of Federal Housing Administration forbearance relief for borrowers affected by Hurricane Sandy.

Bank of America Corp. must face claims by homeowners that it took kickbacks from private insurers, a judge ruled.

Ally allegedly took assets from ResCap and imposed liabilities on the unit in a scheme that began as early as 2004.

While praising the mortgage industry for the promising amount of customer relief delivered so far, Joseph A. Smith Jr., monitor of the national mortgage settlement has three specific concerns in his 2013 agenda.

Michigan’s 6th Circuit Court ruling on Conlin v. Mortgage Electronic Registration Systems establishes a precedent insiders see as a small victory for lenders and servicers.

Fannie Mae will be sending out first loan file requests in June under its new data review procedures for loans originated after Dec. 31.

Customers Bancorp has terminated its agreement to buy Acacia Federal Savings Bank.

American Realty Capital Properties has withdrawn its $9.7 billion proposal, including assumption of debt, to acquire Cole Credit Property Trust III.