Compliance

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.

Real estate agents in some markets say sales are surging, with many houses attracting multiple offers.

The independent foreclosure review process was disorganized, ineffective and inconsistent, according to a draft report by the Government Accountability Office.

During the downturn, the percentage of banks that exceeded the 100% capital line on construction lending declined from 35% in 2008 to 11% in 2011.

Atlanta Federal Reserve Bank President Dennis Lockhart said the Fed will probably need to press on with asset purchases later into this year or into 2014.

Mislabeling by the Consumer Financial Protection Bureau has exaggerated the number of consumer complaints the bureau received regarding mortgage brokers.

California’s housing counselors find the nation’s largest banks already are failing to comply with the National Mortgage Settlement and the state’s Homeowners Bill of Rights.

MBIA Insurance Corp. received a favorable ruling from the New York Appellate Court, First Department, against Bank of America Corp. and Countrywide Home Loans.

NCUA announced a $165 million settlement with Bank of America over claims that mortgage giant Countrywide, which B of A acquired in 2008, sold faulty mortgage-backed securities to failed corporate credit union giants U.S. Central FCU and WesCorp FCU.

The Obama administration wants to give Federal Housing Administration lenders more breathing room so they can feel confident about lending to a wide range of borrowers without being sued by the government.

360 Mortgage Group is offering a product designed for borrowers who qualify for less than 20% mortgage downpayment loans.