Compliance

A title company owner was sentenced to two years in prison for wire fraud in connection with a scheme to use over $1.5 million in mortgage closing funds for her personal use.

Global commercial real estate investors favor “safe haven locations” in Europe, according to a real estate forecast published jointly by the Urban Land Institute and PricewaterhouseCoopers.

The mortgage industry is facing a “regulatory tidal wave” as regulators are finally issuing the new rules mandated by the Dodd-Frank Act of 2010.

First American Mortgage Services has implemented Platinum Data’s RealView and Collateral Expert.

The Consumer Financial Protection Bureau’s new mortgage servicing rules were created to protect homeowners who are at risk of foreclosure, but one nonprofit fair housing organization thinks more could be done by the government agency.

The Consumer Financial Protection Bureau's new mortgage servicing rules may force some servicers to exit the business altogether or simply outsource servicing of defaulted loans to third parties.

This month marks the largest and most significant milestone since the Consumer Financial Protection Bureau launched more than a year ago.

In an interview, Morris Morgan, the federal government's point man for the painstaking review of 3.8 million mortgage loans, provided new details about the $8.5 billion deal regulators cut with 10 servicers last week and how it almost fell apart during negotiations.

CoreLogic reports an additional 100,000 borrowers moved from negative to positive equity status during the third quarter of 2012.

Bank of America saw its profits fall in the fourth quarter after several mortgage-related problems were settled as a result of the financial crisis.

The New York City Apartment Portfolio Roll-Up loan received a split modification following new property valuations based on conversions from rent-stabilized to market-rent values.

Virginia Realty Co. of Tidewater Inc. paid $82,500 to settle allegations that it refused to allow a Hispanic woman to apply for an apartment because she did not speak fluent English.

Goldman Sachs and Morgan Stanley reached a settlement with the Federal Reserve Board over deficient practices in mortgage loan servicing and foreclosure processing.

First Niagara will recognize a pretax adjustment of $16 million in 2012 to accelerate premium amortization on its portfolio of collateralized mortgage obligations.

A report from the Harvard Joint Center for Housing Studies suggests changes to the housing finance system may negatively affect future lending to lower-income and minority borrowers.

We're hearing that reviews on the long-awaited Consumer Financial Protection Bureau qualified mortgage rule are mixed.

Ohio State University is coming to market Wednesday with $350 million of bonds that feature a new credit for the state’s leading flagship university.

First and second mortgage default rates were “the principal culprits” to an eight basis point monthly increase of the December 2012 National Consumer Credit Default Indices.

TreppPort is delivered as software as a service, available to clients over the Web.

The final Consumer Financial Protection Bureau rule about high-cost FHA loans regulated by Dodd-Frank also implements homeownership counseling-related requirements.