Compliance

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.

Credit unions are worried a proposal by the Financial Accounting Standards Board to use an expected loss method to measure loan losses will require them to increase loan loss reserves and are calling on the FASB to withdraw the proposal.

FBI agents arrested a New York man for allegedly defrauding investors of $50 million in a real estate Ponzi scheme.

The Bipartisan Policy Center's Housing Commission recommends a model similar to Ginnie Mae, where approved lenders are the issuers of mortgage-backed securities.

A unit of Bank of America Corp.’s Merrill Lynch was sued by a trust seeking more than $309 million in damages for alleged breaches of representations and warranties related to the sale of more than 5,000 mortgages.

PMI Group Inc. said a “well-known private-equity investor” ended talks about taking a minority stake in the reorganized company.

Fannie Mae and Freddie Mac are poised to begin funneling healthy quarterly revenue back to the U.S Treasury as the housing market rebounds.

Learn the top three warning signs that there may be trouble with an originator that could lead to legal/compliance risks.

Effective April 1, insurance premiums on FHA loans will go up challenging borrowers and lenders to choose between federally insured loans and private insurance options.

The California attorney general has provided the National Housing Law Center a $1 million grant to spread the word about a new mortgage servicing law.

Instead of renewing an exclusivity clause with NextJob, Fifth Third has agreed to make NextJob’s Homeowner Reemployment program available to all financial institutions.