Compliance

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.

One servicing executive tracking the deal said Nationstar is favored to win the bid.

Aside from those potentially game-changing rules, banks are also facing higher guarantee fees by Fannie Mae and Freddie Mac and higher premiums for Federal Housing Administration loans.

Transparency is the word being thrown around by many at the meeting.

Process change must match technology change and technology change must be seamless and improve process efficiencies.

The asset value of mortgage servicing rights are rapidly being reduced by some of the largest players in the servicing business.

The latest roundup of regulatory changes and mortgage fraud news.

Is the 'fiscal cliff' issue causing home buyers to sit on the fence?

U.S. Bancorp, one of the fastest growing mortgage lenders in the nation, fears the ramifications of the "fiscal cliff."

Everyone should take advantage of the current low interest rates to refinance, but can they qualify? Why some perfectly good borrowers are being turned away.