Compliance

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.

Higher-priced homes in Los Angeles and the Bay Area have been leading the market’s recovery.

Meritage Homes Corp. has commenced a cash tender offer to purchase any and all of its $99,825,000 principal amount 7.731% senior subordinated notes due 2017.

Securitizations that significantly limit repurchases are among structural weaknesses that could prevent residential mortgage-backed securities from getting Moody’s highest rating.

Moody's Investors Service has downgraded 16 of roughly 130 tranches backed by $2 billion in subprime mortgage loans.

Like bartenders and psychologists, distressed debt servicers spend the day listening to people’s problems.

A former member of the rock band KISS is facing mortgage trouble on his upstate New York home.

We're hearing that some of the relative call protection found in Ginnie Mae securitizations may not last.

Sen. Bob Corker released a statement downplaying an earlier report suggesting the lawmaker is "angling to broker a compromise" with President Obama over the confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau.

Community bankers have long harbored concerns about fair lending laws, but the Consumer Financial Protection Bureau's enforcement potential has executives flat-out spooked.

Post-closing document management has taken on new importance in the mortgage industry, particularly in light of record foreclosure volume, the robo-signing scandal and subsequent regulations and scrutiny.