Compliance

Fannie Mae and Freddie Mac were sued for unpaid transfer taxes by a Maryland county.

DebtX has signed a new five-year agreement with the Federal Deposit Insurance Corp. to sell assets held as receivership in the U.S. government corporation’s portfolio.

Like many other small business owners who survived the fiscal cliff fiasco, many small shops in the mortgage market are bracing for yet another government-induced crisis as early as mid-February when our national debt hits its ceiling.

Federal Reserve Bank of Philadelphia president Charles Plosser said the central bank’s record stimulus risks a surge in inflation and may impair efforts by households to repair their finances.

New Canadian covered bond rules include a requirement that Fitch finds effectively protects bondholders from home price depreciation.

Some attorneys who prey on vulnerable homeowners in need of a modification are in for a surprise from outraged peers who are trying to make these alleged fraudsters pay back for being a disgrace to their profession.

State Sen. Ron Calderon (D-Montebello) introduced a bill to protect hundreds of thousands of distressed Californians who are underwater on their mortgages from an unjust state tax.

Chang Park cooperated with FBI investigators as part of a deal with the U.S. attorney's office.

The National Credit Union Administration board has approved a new definition of “small credit union” that exempts another 2,400 CUs from risk-based capital and interest-rate risk rules.

The agreement would end case-by-case reviews of foreclosures under earlier accords with the biggest mortgage servicers.

Securities regulators have charged three executives of a failed bank in Virginia with deceiving investors about the health of its loan portfolio at the apex of the financial crisis.

Even though less securitized commercial mortgage loan deals moved into special servicing in 2012 analysts are cautiously optimistic for 2013.

New York State, which depending on who one talks to, is hailed or booed about its foreclosure prevention policies, may have already set a precedent for the future of how regulators monitor mortgage servicers.

Nearly 900,000 homeowners sought financial counseling assistance by yearend 2012, up 34% compared to 2011.

In this video presented by the California Mortgage Bankers' Association, Allen Matkins attorney Stephen Lieske explains what LIBOR is and how it was distorted in the recent scandal.

One of the states hit hardest by the housing crisis is taking added steps to help homeowners.

The new methodology also includes data on redefaults of modified loans into the servicing quality performance analysis.

The Minnesota Housing Finance Agency hits the market Wednesday with $75 million of tax-exempt homeownership finance bonds.

JPMorgan Chase asked a federal judge to order the Federal Deposit Insurance Corp. to cover any costs or liabilities in a bondholder case stemming from the bank’s takeover of Washington Mutual Bank.

Institutional investors of all sizes are reportedly amassing billions of dollars in capital they plan to invest in renting unsold real estate owned inventory.