Compliance

Paramount Land Holdings, which is locally funded by the Detroit Police and Fire Pension Fund, purchased foreclosed properties for as little as $10.

One of the biggest concerns among many industry insiders is how and when the shadow inventory of pending foreclosed properties will be released into the market.

Hope Now alliance mortgage servicers, housing counselors and insurers provide assistance to over 300 families affected by Hurricane Sandy in Westbury, N.Y.

The future performance of the Federal Housing Administration is yet another concern for 2013.

The National Credit Union Administration has sued a JPMorgan Chase unit claiming Bear Stearns & Co. used misleading documents in selling $3.6 billion in mortgage-backed securities to four corporate credit unions that later failed.

While we've made great strides towards recovery, the new year will not come without its own set of challenges, particularly fueled by increased regulation.

The bill gives the Department of Housing and Urban Development and Federal Housing Administration more powers to police lenders and require indemnification for bad loans.

The CFPB’s complaints allege that both cases illegally charged upfront fees typically ranging between $1,000 and $4,500 from each distressed homeowner for services that rarely materialized.

Chicago is the first city in the country to agree to share information directly with the Consumer Financial Protection Bureau.

Consumer advocates and mortgage bond investors have alleged that banks and insurers grossly inflate the cost of such policies, overcharging struggling homeowners and investors by hundreds of millions of dollars.

Keep Your Home California will provide mortgage payment assistance to out-of-work homeowners regardless of whether federal extension benefits are extended into 2013.

Some banks will consider making lower FICO score loans as long as the applicant has substantial assets (or home equity) that can be tapped in the event of default.

HUD will interview current employees, ex-employees and borrowers to validate data or its findings.

Fay Servicing has added Personal Budget Analysis to its menu of mortgage borrower financial health analysis options.

Lockhart was indicted in 2009 for allegedly running a scheme that used real estate entities incorporating references to the Cowboys or “America’s Team” into their names and that deployed straw borrowers to get inflated loans for distressed and pre-foreclosure homes in the Dallas area.

Countrywide Financial Corp. co-founder Angelo Mozilo said under oath last year that he had “no regrets” about how he ran the mortgage firm.

Due to one-year-or-longer delinquencies the national delinquency rate is significantly higher than the “normal” delinquency rate range of roughly 1.5%.

Treasuries fell after Federal Reserve officials said they'll expand their third round quantitative easing with additional asset purchases.

The National Foreclosure Mitigation Counseling program has helped save local governments, lenders and homeowners approximately $920 million.

The dispute involves Pick-a-Payment mortgages originated between 2003 and 2008 by World Savings Bank.