Compliance

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.

Dale Palmer admitted that his business experienced serious cash flow problems and he was “very poor” at managing his cash flow issue.

Even though it still has some regulatory hurdles to clear, interest in jumbo lending has bumped up a notch.

Mortgage lenders are to provide home loan applicants with copies of written appraisals and other home value estimates and ensure that consumers receive information prior to closing about how the property’s value was determined.

Surety bonds should not be confused with financial bonds that are traded; they actually function more like insurance policies.

When Mark Korell joined the company in June he was named chief of sales and marketing.

Among other things, Bank of America is accused of continuing a high speed loan processing program dubbed "The Hustle" that started at Countrywide and cause massive losses at Fannie Mae and Freddie Mac.

As part of the settlement, Royal Bank of Scotland has agreed to refrain from financing, purchasing or securitizing subprime mortgages unless it has sufficiently reviewed the underlying loans.

A heightened focus on due diligence and loan file reviews has made it imperative for lenders to incorporate quality control technology and processes that can minimize repurchase risks.

Comptroller of the Currency Thomas Curry said the agency recognizes that some aspects of the provisions pertaining to mortgages could impose a serious burden on community banks and thrifts.