Compliance

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.

Three former employees of now defunct Pierce Commercial Bank were sentenced to prison for their roles in a mortgage fraud scheme that contributed to the collapse of the financial institution.

As the deadline for consumers to file a claim under the national mortgage settlement draws closer, they will increasingly turn to nonprofit counseling agencies for advice.

Many professionals are fleeing the REO industry, everyone from servicing shop executives, to specialty providers, to real estate agents.

The Federal Trade Commission has updated its guidelines for anti-identity theft programs.

With 3,500 registered attendees and countless "unofficial" ones walking the halls of the Hyatt Regency, the 2012 Mortgage Bankers Association annual convention had a positive vibe not seen in several years. The theme was "Investing in the American Dream." There were many references to the presidential election, including multiple cutouts of candidates Barack Obama and Mitt Romney in the trade show.

The New York Department of Financial Services will require Ocwen Financial to hire a monitor to ensure it complies with an agreement to reform its mortgage servicing practices.

As homeownership rates remain flat and rental units continue to increase in popularity among consumers, more firms are starting to focus their business strategies toward the rental market.

Home loan closings were impacted as re-examinations and other forms of inspections needed to take place.

Talent, location and good weather brings Specialized Loan Servicing, an independent third-party servicer based in Highlands Ranch, Colo., to open shop in Tempe, Ariz.

In their lawsuit, the funds claimed that the ratings agencies had misrepresented their independence from the banks that sold the mortgage backed securities.