Compliance

The leader of a 15-year foreclosure rescue scam that fraudulently postponed foreclosure sales for more than 800 distressed homeowners pleaded guilty to aggravated identity theft and bankruptcy fraud.

Fitch finds many home equity transactions are now showing some relative improvement due in part to housing market recovery.

Before a lender can file for foreclosure, the State of Nevada requires mediation between the lender and the borrower.

Major banks involved in the bollixed foreclosure review program will finally be sending checks to borrowers who were harmed by their servicing practices.

More banks need to have the ability to quickly execute and synthesize “what-if” results to be in a better position to defend their capital plans.

President Obama's budget that is slated for release Wednesday morning is unlikely to include a funding request for the Federal Housing Administration single-family program.

redit unions need to capture as many purchase mortgages as possible because the long-running refinance boom is winding down.

An Ernst Publishing Co. survey shows the mortgage lending industry’s use of mobile technologies is lagging behind other financial services.

QuestSoft's fifth annual compliance survey reaffirms compliance requirements that have kept lenders up at night for three years in a row will continue to be a high concern at least until January 2014.

Genpact Limited has released its next generation of applications from its Quantum technology platform.

In just the past couple of years, servicers have had to scramble to keep up with the overflow of documents that need to be recorded in the nation’s more than 3,600 recording districts.

The qualified mortgage rule is the talk of the town these days. But let us not forget that the Consumer Financial Protection Bureau has issued several rules.

The latest housing scorecard suggests compiled housing and program indicators continue to show relief is aiding recovery, and the latter is still fragile.

A judge approved Bank of America’s $2.4 billion settlement with investors who lost money as a result of its acquisition of Merrill Lynch.

Preparing for a Consumer Financial Protection Bureau exam means implementing requirements in the CFPB's 800-plus page exam guide. In other words, there is no crash course.

Stewart Title Guaranty Co. has created a Trusted Provided Program, where those agencies and attorney agents who pass the screening can show consumers a seal proving they have been vetted and verified.

Hundreds of servicemembers who lost their homes due to foreclosure between 2006 and 2010 are set to recover over $39 million in monetary relief.

Mortgage bankers we spoke to recently felt there is no new bubble forming, and that what is happening is a normal correction. We hope they are right!

Golden First Mortgage Corp. and its owner, David Movtady, were sued by the U.S. for allegedly defrauding a federal mortgage insurance program.

ProVest, a legal services firm that manages the delivery of documents for foreclosure proceedings, has expanded its operations in the Midwest region.