Compliance

The California Department of Real Estate issued a warning to consumers about a new fraudulent scheme that targets and preys upon the owners of vacation timeshares in Mexico.

In appropriate cases the Consumer Financial Protection Bureau plans to continue its Big Brother approach to customer-disputed loss mitigation cases subject to mortgage servicing transfers.

A record number of consumers utilized MortgageKeeper Referral Servicers’ database in January.

Fannie Mae has priced a $6 billion new issue of three-year Benchmark Notes due March 30, 2016.

According to the monitor of the national mortgage settlement, Residential Capital, Ally Financial and GMAC Mortgage have collectively exceeded their "consumer relief obligations.”

Ellington Financial during the fourth quarter of 2012 recognized net income of $24.8 million, or $1.19 per diluted share.

FICO has launched an analytic solution that combats first-party and third-party application fraud which reportedly costs credit grantors in the U.S. more than $6.7 billion a year.

The Federal Housing Administration is taking aggressive actions to protect seniors that take out FHA-insured reverse mortgages and protect the mortgage insurance fund.

Credit Agricole won dismissal of lawsuit brought by Intesa Sanpaolo over claims it was defrauded in a collateralized debt obligation investment.

Fannie Mae has made plans for a new issue of three-year benchmark notes.

Code violations are a slippery slope. If not careful your property might descend into lien oblivion, racking up enormous fines that create unwanted risk for investors.

Federal Reserve Bank of St. Louis President James Bullard said signs of more stability in U.S. fiscal policy, the housing market and the global economy will probably help fuel economic growth in 2013.

Servicers will soon be subject to new guidelines as well, as the Consumer Financial Protection Bureau finalized rules in January of 2013 designed to establish a national servicing standard.

Responding to market demand for automated regulatory compliance tools Equator has incorporated the new mortgage servicing rules set forth by the Consumer Financial Protection Bureau into the Equator Loan Segmentation module.

Flagstar Bancorp has set aside $161 million to cover lawsuits over its mortgage-underwriting practices.

The Federal Housing Administration has implemented a streamlined approval process designed to accelerate access to mortgage financing for multifamily apartment owners and developers in New York and New Jersey.

It is no surprise the State of the Union address already is generating a lot of buzz about the details that will shape the president’s proposals.

House Republicans are looking to make major reforms to the Federal Housing Administration single-family program to reduce losses and return FHA to its original mission.

RES.NET has upgraded its Agent Portal platform to include mortgage title information and electronic loan closing services.

Lorraine Brown, the former president of mortgage document processor DocX, pleaded guilty to one count of racketeering for her role in authorizing the fraudulent signing of mortgage documents filed in Michigan.