Compliance

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American Realty Capital Properties has withdrawn its $9.7 billion proposal, including assumption of debt, to acquire Cole Credit Property Trust III.

Despite the absence of precise data, it is well understood that the number of failed new home developments is significant.

A judge has ruled that Bank of America does not have to defend itself against a lawsuit filed by the Federal Deposit Insurance Corp. on behalf of a failed bank.

With the average time for lenders to repossess a housing unit up to a record 477 days nationwide, the fewest properties were foreclosed upon during the first quarter of 2013 in nearly six years.

Insiders are expressing renewed optimism for growth in real estate capital markets and commercial real estate fundamentals, even compared to expectations of just six months ago.

Regulation has created a window of investment opportunity in the current booming mortgage servicing rights market.

Wells Fargo has agreed to pay $850,000 to settle a class-action lawsuit that charges the company with docking workers' pay whenever they ran a credit check that did not result in a loan.

We're hearing some mortgage-backed securities risks may seem larger and draw more attention, but the so-called scrivener’s error should not be overlooked because of them.

Detroit has been on the decline for decades thanks to plummeting property values, lost jobs and crime.

The return to a purchase market will not be easy for many lenders.

The first challenge brought with new the Home Ownership and Equity Protection Act is that we are potentially stuck with a broker comp double-count rule.