Compliance

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.

Delinquency rates declined for the fourth consecutive quarter to 5.19% in 4Q 2012, down from 5.41% in the third quarter and 6.01% at yearend 2011.

The Treasury Department approved a pilot program to help underwater homeowners in Oregon refinance their mortgage loans.

Fay Servicing reported a 250% increase in revenue for 2012 due to a “meaningful increase” in business volume from existing customers and incentive fees from pay-for-performance deal structures.

Based on an analysis of loans originated in 2010, CoreLogic has determined that slightly more than half of the loans produced would meet the test for the qualified mortgage safe harbor being imposed by federal regulators.

Illinois Gov. Pat Quinn has signed legislation that will accelerate the foreclosure process on vacant, abandoned properties in order to help stabilize the housing market in local communities.

The release of a long-awaited federal rule on housing discrimination is bad news for bankers who fear being targeted in fair-lending suits.

Faith Schwartz has quietly left the Hope Now servicer alliance that was formed back in 2007.

You first need to know what the problems are with the mortgage application.

The Consumer Financial Protection Bureau has taken notice of the unusually high number of servicing transfers lately and it wants to ensure that such transfers go smoothly for all borrowers.

It took a phone call from reemployment solutions provider NextJob, to Fifth Third Bancorp to start rolling a unique partnership that oly a few years ago would have been unimaginable.