Compliance

After more than three years of regulatory requirements, some of which involved the implementation of technology, the moment that the origination industry has been waiting for has arrived.

JPMorgan Chase will go to trial on allegations by the Federal Housing Finance Agency of wrongdoing in the sale of securities backed by residential mortgages.

Fidelity’s title insurance business alone posted pretax earnings of $210 million, up from $138 million in 3Q11.

Integra began its initiative due to the lack of inventory of single-family homes as rental property investments.

The Federal Housing Administration, which guarantees 20% of all new mortgages, has raised premiums and tightened credit standards in an effort to avoid asking for a taxpayer subsidy.

Estimates on property damage caused by Hurricane Sandy range from $20 billion to $50 billion.

Only Citi and JPMorgan face the highest surcharge, while Bank of America, Bank of New York Mellon, Goldman Sachs and Morgan Stanley must hold 1.5% in extra capital. Citi, JPM and B of A are top five players in mortgage banking.

Are you a mortgage broker or a mortgage lender? As of August regulations required you to have an AML manual in place to check for and report not only money laundering but also suspicious activity.

MGIC, in some cases, has received waivers of the risk limit to allow it to keep selling policies in certain states.

Will some of Residential Capital Corporation's massive servicing portfolio wind up at Home Loan Servicing Solutions?

Assurant said it is attempting to create more flexible policies that address the concerns of banker clients and regulators about costs and services provided.

Mortgage bankers will be unable to sell into the secondary market any newly originated loans from the Northeast and Mid-Atlantic without a natural disaster re-inspection (NDR).

Among other things, the Department of Housing and Urban Development has imposed a 90-moratorium on foreclosures of FHA-insured loans affected by Hurricane Sandy.

Because of storm damage, lenders will need to have properties re-appraised which means home inspectors will be busy in the New York-New Jersey area and surrounding locales.

We're seeing a rise in the willingness of lenders to make home mortgages to business owners who cannot always verify income.

A spokeswoman for Wells Fargo said the refunds were not prompted by any regulatory action -- nor are they related to a federal lawsuit filed early this month by the U.S. Attorney in New York.

American Capital Agency Corp. generated $1.3 billion in comprehensive income in the third quarter and separately said it has authorized the repurchase of up to $500 million shares of its common stock through December of next year.

Talk of the 'Qualified Mortgage' rule coming out before Thanksgiving may be premature.

CoreLogic estimates that nearly 284,000 Mid-Atlantic homes valued at roughly $87 billion are at risk of property damage from Hurricane Sandy based on its projected path.