Compliance

“We cannot continually buy more securities and create more bank reserves without jeopardizing our inflation goal,” said Federal Reserve Bank president Jeffrey Lacker.

Most of the relief Bank of America provided to mortgagors continues to come in the form of short sales.

“I think it’s reasonable to expect that premiums will rise,” said one Washington-based consultant close to the issue.

Lenders on the deal include First Republic, Fremont, Prime Lending, Flagstar, WL Bradley and Cornerstone Mortgage.

Alfred Pollard said $1 trillion of household debt delinquent in the second quarter of 2012 support his case that are a housing crisis still lingers.

Lawsuits that charge Goldman Sachs and Deutsche Bank with misleading mortgage investors may proceed.

The total structural damages from the hurricane may be twice as high as the amount insurance covers, and insurance rates will likely increase.

Joseph A. Smith is encouraging service members and their advocates to report mortgage-servicing complaints by using two online forms provided on the settlement monitor’s website.

Walter Morales and his firm Commonwealth Advisors Inc., based in Baton Rouge, La., sold mortgage-backed securities to hedge funds they managed at the lowest and riskiest prices, the SEC alleges.

American International Group, which stands to join a list of financial institutions deemed too-big-to-fail, may be looking to unload its thrift unit.

Allonhill laid off roughly 10 full-time appraisers because of a cutback by one of its mortgage clients.

Fannie Mae and Freddie Mac are taking new steps to facilitate the closing of loans that were being processed when Hurricane Sandy slammed into the New Jersey coast.

The decision to delay the implementation date on Basel III capital rules could be a game changer for the residential mortgage servicing business–or maybe not.

Several bank regulators have made it clear in the last month that they don't want banks releasing reserves too quickly.

One Fannie Mae vendor that works on buyback cases had its workload reduced to 1,500 files per month from 9,000 at one point.

Capital One's highest level of exposure is in New York, where it has $25.4 billion of loans outstanding.

If you know the answer to four questions, you will have a better handle on quality control.

The agreement in principle with the Securities and Exchange Commission covers two investigations related to mortgage-backed bonds handled by JPMorgan and Bear Stearns.

Real estate investment trusts that buy mortgage debt tumbled the most in a year Wednesday on the expectation that more homeowners would be able to prepay mortgages.