Compliance

First American Financial Corp. said that Mark Oman has been appointed to the company’s board of directors.

The Consumer Financial Protection Bureau has received 50,000 consumer complaints about mortgages lenders, brokers and servicers since November 2011.

The mortgage industry may be making some headway against fraud, but it still has a long way to go.

You know the type: The originator who wakes up each morning with absolutely no idea what he's going to do for the day or from where his next loan will come. The originator starts the morning daydreaming about what’s to come over the weekend, or what could happen if he or she were to suddenly have a booming pipeline of business.

It’s a good time to be a special servicer.

GSO Capital Partners will make available up to $150 million as part of a land banking arrangement.

The Federal Housing Finance Agency has proposed banning force-placed insurance commissions in a blow to banks and other mortgage servicers.

Starting in July, Freddie Mac will make it easier for distressed borrowers who are having trouble meeting their monthly mortgage payments obtain a loan modification.

At least one insider sees no return to a normal level of mortgage litigation for the foreseeable future.

The National Crime Prevention Council is hosting a virtual conference on how consumers, lenders and servicers can prevent mortgage fraud from occurring.

As the first quarter of the year comes to an end, Auction.com Research is forecasting cautious optimism for commercial real estate markets for 2013 and beyond.

The concern seems not to be the concept itself so much as its inclusion among larger structural weaknesses in jumbo mortgage-backed securities.

QuestSoft has made updates to its Compliance Eagle platform so the platform is in compliance with the upcoming Consumer Financial Protection Bureau rule changes.

Year-over-year defeasance of loans in commercial mortgage-backed securities increased significantly in 2012 reaching to its highest level since the eruption of the housing crisis in 2007

One reason mortgage credit remains tight is because Fannie Mae and Freddie Mac have not spelled out their policies on loan buybacks, according to the chief executive of Wells Fargo Home Mortgage.

Increased confidence is expected to accelerate consumer spending and improve U.S. housing demand throughout 2013.

DBRS provided its take on recent representation and warranties trends in residential mortgage-backed securities it finds have “the potential to considerably weaken investors’ ability to demand a repurchase.”

The seasonally adjusted rate of new single-family home sales in February dropped about 4.6% to 411,000 from a slight downward revision of the January rate to 431,000.

Stocks in the mortgage industry equity composite came in mixed again, but some did a little better than the Dow, which ended the day down 0.44%.

DocMagic has maintained a nearly perfect uptime record for the last four months, which included the company’s move to a new location and switch over to a new technology center.