Compliance

Data show the link between energy-efficient homes and mortgage default risk is not just a plausible, economically sound theory.

Director Richard Cordray recently suggested that the actions of debt collectors, credit reporting agencies and mortgage servicers—and banks' ties to them—merit extra regulatory scrutiny because consumers are at their mercy.

Recent data suggest legislators may have to start considering the pros and cons of expanding the Home Affordable Refinance Program so it includes private-label loans.

A JPMorgan Chase & Co. unit reached a $100 million settlement with liquidators of MF Global Inc., paving the way for the return of money to creditors and clients of the failed brokerage.

Government-owned Freddie Mac accuses the banks of acting collectively to hold down the U.S. dollar Libor to "hide their institutions' financial problems and boost their profits."

Credit Suisse Group AG, Switzerland’s second-biggest bank, was sued by a clearinghouse for German cooperative banks over $138 million in residential mortgage-backed securities.

Walter Investment Management Corp. executives who made headlines for aggressively pursuing large pools of mortgage servicing rights over the past few years plan to remain equally active.

Several industry solution providers have led the pack in advancing the quality and availability of mortgage data, analytics and compliance.

Citigroup is among the Wall Street firms still dealing with the fallout from the financial crisis, when the bank almost collapsed amid losses tied to subprime mortgages and took a $45 billion bailout.

A jump in the mortgage industry employment rate is one of the signs indicating more recruiting will take place due to the recovery.

Gramercy Capital Corp. is exiting the commercial real estate finance business, and effective April 15 will change its name to Gramercy Property Trust Inc. to reflect its focus going forward.

During the fourth quarter of 2012, CoreLogic said approximately 200,000 homeowners returned to a state of positive equity.

Prommis Holdings, which provides processing services for defaults and foreclosures in the residential mortgage industry, sought bankruptcy protection from creditors.

The initial exchange rate for each $1,000 aggregate principal amount of notes is 42.0893 shares of the company’s common stock.

In the eyes of the attorneys general from nine states principal writedowns on federally insured mortgage loans are the Achilles’ heel of the housing and overall economic recovery.

New vendor management requirements place increased scrutiny on how banks and nonbanks are managing third-party risk, while it is clear that the regulators and government agencies expect more oversight.

NCUA shuttered I.C.E. FCU, a $3.4-million Inglewood, Calif., credit union and the third failure of 2013.

Lender-placed insurance use continues as loan performance improves a bit, the market evolves and the coverage continues to weather compliance challenges.

Lance Capital has closed a 20-year transaction regarding The BankNote Building in the Bronx.