Compliance

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.

Piggyback mortgages all but disappeared following the housing bust but they appear to be staging a comeback as lenders continue to gain confidence in the housing recovery.

Springleaf is readying another residential mortgage-backed securities deal totaling $835 million, according to a pre-sale report released by Standard & Poor’s April 2.

Litvin Law Firm has ventured a unique yet quite simple approach to foreclosure risk analytics.

In the latest version of the National Real Estate Post, Frank and Brian discuss the future of the government-sponsored enterprises.

SNR Denton, Salans LLP and Fraser Milner Casgrain LLP have merged into a new polycentric global law firm.

United States Appraisals, a national appraisal management company, has joined the Collateral Risk Network.

Inconsistent, manual or expensive platforms that do not assess a mortgage loan portfolio in its entirety are a thing of the past.

The TD Bank Mortgage Service Index found that over half of the participating consumers expect more from their lenders.

The downgrade reflects an increase in expected losses primarily due to updated property valuations on the specially serviced loans.

The U.S. government is resisting an effort by Standard & Poor's to move to the federal level a string of lawsuits by states that charge the ratings agency with misleading investors.