Compliance

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.

A Fannie Mae survey suggests improved customer attitudes and economic expectations are key to how the mortgage marketplace will look like in 2013.

The Dodd-Frank Act has single handedly kept mortgage lenders and servicers on their tiptoes in the past few years and is expected to do the same in 2013.

The decision may prove pivotal to the Federal Deposit Insurance Corp. in recouping a small portion of the more than $12 billion of losses it suffered in the wake of IndyMac's collapse.

Certain federal- and state-level regulatory measures are bound to affect how mortgage lender-servicers do business in the Northeast.

Rather than selling homes to legitimate investors, Foreclosure Solution Specialists designed sham sales to straw purchasers.

The Consumer Financial Protection Agency has until Jan. 21 to issue the qualified mortgage rule as mandated by the Dodd-Frank Act, and around the same time the loan officer compensation rule might finally be unveiled.

There is a lot of attention focused on single-family homes by investors looking for a great cash flow with high appreciation potential over the next few years.

Consumers want things done quicker, while regulators want them done right; both will hold the originator responsible.

The Federal Housing Administration's Mutual Mortgage Insurance fund potentially loses billions of dollars in premiums due to the loan-to-value cancellation policy.

It would appear that FHA's days of being known as 'the government's subprime lender' are just about over.