Compliance

A Florida judge has rejected one of CitiMortgage’s motions to dismiss legal complaints by a borrower related to force-placed insurance coverage.

Mortgage fraud is still existent during the “quiet period” between when an original credit file is pulled and the closing of a loan.

The acquisition will add more than 1,500 mortgage risk specialists to service provider MphasiS and help the company provide more intense mortgage risk analysis.

Federal Reserve Bank of New York president William C. Dudley said the widened yield differential between mortgage-backed securities and primary home-loan rates poses an “impediment” to monetary stimulus.

The residential finance industry is facing implementation of a whole new regulatory regime.

Lawsuits by the Federal Housing Finance Agency that charge Bank of America, Citigroup, HSBC and Credit Suisse with wrongdoing in the sale of securities backed by residential mortgages may advance.

The REO market has seen its share of scams throughout the recent years, including a current one affecting renters looking for a great deal on the internet.

Review your advertising in all media, including social media now, or you could receive this letter.

It’s at least the second time in less than four months that the Securities and Exchange Commission has dropped an investigation into the marketing of mortgage-backed securities by a large U.S. bank.

One part of the commercial mortgage-backed securities market to watch closely for changing dynamics and hidden risk or opportunity is the retail sector.

By only stalling the foreclosure process longer than it should be, homeowners who fall prey to pretender defenders are losing large sums of money.

Veteran bond market executive and researcher Mark Adelson is joining BondFactor as its chief strategy officer.

Regulators released new details on how they will enforce restrictions on charter swaps by troubled banks.

According to figures compiled by National Mortgage News, UBS was one of the largest underwriters of nonprime MBS during the housing boom.

Florida has moved ahead of Nevada as the state most at risk for mortgage fraud.

National Mortgage Insurance Corp. has been cleared to issue mortgage insurance policies in 13 states.

UBS is set to argue that the U.S. Court of Appeals in Manhattan should overturn a lower-court ruling allowing the Federal Housing Finance Agency to pursue its lawsuit over losses on $6.4 billion in mortgage bonds.

Recriminations about what caused the greatest mortgage meltdown in U.S. history continue to play out in various ways.