Compliance

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.

A distressed $410 million loan on One & Two Prudential Plaza is facing an appraisal-related downgrade that implies additional losses.

A joint survey conducted by the Department of Housing and Urban Development and Census Bureau found that approximately 20% of American households live in multifamily rental buildings.

More than 20 companies are forming a securitization organization.

The Federal Reserve Board said Thursday it would approve the capital plans of 16 of the 18 largest banks, rejecting proposals by Ally Financial and BB&T.

Foreclosure protesters interrupted Wells Fargo CEO John Stumpf at a banking conference.

Paul Tomko has chutzpah for committing mortgage fraud while working as an FBI informant.

Housing experts are warning legislators about the unintended consequences of a narrow qualified residential mortgage definition.

We're hearing about fraud again all over the USA.

January data confirm that proprietary mortgage loan modifications continue to be more affordable than Home Affordable Modification Program options.

The House passed a bill by voice vote that would allow banks to opt out from sending annual privacy notices to customers unless the disclosures changed from the prior year.