Compliance

Regulators are increasingly examining institutions’ vendor risk management processes.

Fiserv Case-Shiller projects that by the end of 2013 home prices will be rising in nearly every metro area in the U.S.

The American Securitization Forum fell into turmoil last week when most of the board resigned in a dispute with the group’s executive director over governance and bonuses.

Home prices across Canada are overvalued by approximately 20% in real terms on an estimated basis.

New York State is taking action to reduce the amount of time an insurer can delay deliberation on a homeowner’s insurance claim in the areas affected by Hurricane Sandy.

The Senate Banking Committee examined the Federal Housing Administration's fiscal problems on Thursday, with lawmakers still divided on the best approach to take for reforming the troubled agency.

Ambac Financial Group earned $143.6 million in net profit for the fourth quarter of 2012, up from a net loss of $963.2 million in 4Q 2011.

After reducing legacy risks during a profitable quarter, Assured Guaranty Ltd. is making plans to start wrapping municipal deals later this year.

The Department of Housing and Urban Development has launched its first housing discrimination mobile application.

MBIA Inc. had a better quarter during the last three months of 2012, reporting an adjusted pretax income of $110 million, compared with an adjusted pretax loss of $118 million during the third quarter.

Data show the distressed asset inventory is dwindling down simultaneously, opening the way to a sustainable housing recovery and gradually closing what appears to be a window of opportunity in short sales.

The explosion in the number of REOs became a great way for investors and consumers to purchase properties for a steal.

It would appear that a real estate salesperson selling a home to a buyer that refers the buyer to a particular loan originator or creditor (lender) or a loan originator that works for the lender and expects compensation becomes a loan originator.

Fannie Mae and Freddie Mac have agreed to honor New York Gov. Andrew Cuomo’s request for new rules to accelerate the release of insurance proceeds to homeowners affected by Hurricane Sandy.

Rep. Maxine Waters also asked the government-sponsored enterprises' conservator to provide a list of outside "stakeholders" it consulted before making its decision.

The combined effect of lower volumes of underperforming loans and improved workout practices helped improve the traffic of delinquent, securitized commercial mortgage loans that go in and out of special servicing.

Despite regional issues, year-over-year the nation's foreclosure inventory has fallen for 15 consecutive months to less than 3% of all mortgages.

Unlike other types of loans that community banks have historically made, commercial and industrial loans require ongoing monitoring, along with sound models and concentration caps, industry experts say.

Federal Reserve Board Chairman Ben Bernanke accepted responsibility on behalf of regulators for a troubled independent foreclosure review process.

Civil rights groups want the disclosure of data so they can see how banks are allocating the relief required by the national mortgage settlement signed in March 2012.