Compliance

Congress will need to raise the National Flood Insurance Program's borrowing authority to cover expected claims due to the flooding caused by Hurricane Sandy.

If you don't give a refinance applicant this notice, you could be sued.

The fiscal year 2012 actuarial report shows that Federal Housing Administration loans originated in FY 2003 through FY 2009 continued to deteriorate in terms of their cumulative claim rates.

Wells Fargo & Co., the biggest U.S. home lender, must face a lawsuit that accuses the bank of overcharging veterans under a federal loan-refinancing program.

Credit Suisse's misconduct and deceit was at least partially responsible for more than $11 billion in losses suffered by investors in its boom-era residential mortgage securitizations, New York's suit claims.

Prosecutors said from March to October 2009 Lorraine Brown instituted “a surrogate signing policy whereby employees signed, not their name, but the names of other employees on thousands of mortgage documents that were notarized and filed across the country.”

Federal Reserve Board Chairman Ben Bernanke warned policymakers not to delay taking steps to avert a fiscal shock that would cause the economy to fall back into recession.

Eligible borrowers may ask for an independent review of their mortgage foreclosure file if they believe that they were financially injured as a result of servicer errors, misrepresentations or other deficiencies in the foreclosure process.

The decision means the company must prepare to defend itself against allegations by the Federal Housing Finance Agency of wrongdoing in the sale of securities backed by residential mortgages.

Signs are evident that health is returning to the housing and mortgage markets as the days of no downpayment, speculators and strategic defaults are fading.

Residential Capital LLC won court approval to sell its mortgage-servicing unit to Ocwen Financial for $3 billion after putting off a fight with loan investors and resolving other objections.

A thorough, complete, integrated quality control / risk management program consists of three components: pre-funding quality control/fraud prevention; post funding quality control; and quality control using a targeted sample.

The CFPB is open about what it looks for when it examines mortgage firms.

No, FHA isn't broke, not yet at least, but it may need to delay writing some claim checks to avoid tapping Uncle Sam.

Not only is FHA hiking premiums, but it will prevent all new mortgagors (going forward) to cancel their MI policy even if the loan-to-value ratio improves during the life of the loan.

The Department of Housing and Urban Development declared that it will announce “a series of changes” Friday that are “designed” to put the FHA fund back in a positive position “within the year.”

After hearing, lawyer found guilty of professional misconduct involving distressed borrowers.

With construction activity, sales and home prices still well below pre-crisis levels, a revival of the U.S. housing sector still faces significant challenges and the benefits remain quite uneven.

While Automated Valuation Models are industry tools used in the traditional property valuation process, they lead to flawed results for determining an accurate value for a specific property.