Compliance

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.

The settlement between regulators and 10 residential loan servicing companies may have a positive effect on the market, as it allows them to refocus on their core servicing operations, other compliance requirements and the foreclosure backlog.

Billionaire Leonard Blavatnik accused JPMorgan Chase & Co. of losing 10% of the $1 billion he gave the bank to manage by making unauthorized investments in subprime mortgages.

Federal Reserve Bank of Atlanta president Dennis Lockhart said while he’s supported the central bank’s open-ended bond purchases so far, further expansion of a record stimulus will complicate the eventual shrinking of the balance sheet.

The Consumer Financial Protection Bureau has finally issued the long-awaited qualified mortgage rule and it shows the new agency can be flexible and creative at times.

Wells Fargo executives said in an earnings call that they are still optimistic about originations, even though the company suffered a sequential quarterly decline they attributed to its exit from the wholesale channel and seasonal factors.

A “builder bailout” real estate scheme where more than 100 condominium units with mortgages that defaulted, resulting in foreclosures and substantial losses for lenders, has been stopped.

California cities may use $1,000 daily fines to fight neighborhood blight and put locals to work.And it is not a legal loophole.

The U.S. Department of Housing and Urban Development is keeping servicers of first-lien government insured loans on multifamily unit properties on a shorter leash.

White House Chief of Staff Jacob Lew is something of an unknown quantity to the financial services industry.

Ohio became the first state to enact a new law that creates less rigid licensing regulations for mortgage originators.