Compliance

The rapid growth of mortgage REITS and their reliance on short-term financing is worrying to Federal Reserve Gov. Jeremy Stein.

Home Loan Servicing Solutions reported net income of $14.3 million for the fourth quarter of 2012 and no change in servicing asset valuations.

It appears the best strategy for the time being is to follow the Consumer Financial Protection Bureau’s rules, regardless of the confusion.

Prepayments on Home Affordable Refinance Program-eligible cohorts remained stable or slightly higher, but overall conventional bond speeds have dropped.

A former Michigan Supreme Court Justice faces 30 years in a Federal prison.

The McCann Law Group is now utilizing IndiSoft’s RxOffice platform to handle a variety of cases across the country.

As servicers better adapt to new federal regulation, the foreclosure versus mortgage loan workout momentum is finally changing, opening the way for the nonconforming market to return.

Fitch Ratings has updated its overall criteria for assessing and analyzing the operational risk of servicers of structured finance products including mortgage-backed securities transactions.

The Department of Veterans Affairs has run a successful single-family program by guaranteeing 25% to 50% of the loan amount and the Federal Housing Administration could adopt a similar structure to restore its program back to financial health.

The Department of Housing and Urban Development has allocated $5.4 billion in recovery funds for areas affected by Hurricane Sandy.

Community bankers should continue to bolster lending despite challenges created by compliance with a host of new Dodd-Frank regulations.

A U.S. judge sided with a bond insurer in a closely watched case over representation and warranty putbacks in residential mortgage-backed securities.

The overall volume of resolved securitized commercial mortgage loans dropped slightly in January, resulting in higher loss severity rates and loan losses at greater than 2%.

Felony charges were filed against Gilbert Chung who pleaded guilty for conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions.

Lenders will have to wait for the courts to resolve the validity of Richard Cordray’s recess appointment to be the first Consumer Financial Protection Bureau director.

If and when they are done right, downpayment assistance programs work, according to Wells Fargo.

Freddie Mac has further expanded the number of its Borrower Help Centers by opening three new branches in Atlanta, Las Vegas and Los Angeles.

Sen. Michael Crapo said he wants to usher in a new era of bipartisan cooperation as the Banking Committee's top Republican.

The U.S. Justice Department filed a complaint accusing McGraw-Hill and Standard & Poor's of three types of fraud, the first federal case against a ratings company for grades related to the credit crisis.

Freddie Mac’s fourth-quarter refinance data show refinancing borrowers were able to take advantage of the deepest rate cuts available in quite some time during the period.