Compliance

A California attorney and a telemarketing salesman were indicted for defrauding thousands of homeowners in a loan modification fraud scheme.

The loan value for all commercial mortgage-backed securities was 85.9% in August 2011.

The National Credit Union Administration sued Credit Suisse Group, charging the Zurich-based company with misleading three corporate credit unions about the riskiness of mortgages that backed securities Credit Suisse bundled and sold to them.

Fitch has placed its servicer ratings on Ocwen and Homeward Residential on Ratings Watch Negative status.

Normally, a client can say just about anything to their attorney. That may not be the case if the Consumer Financial Protection Bureau has its way.

Alan David Tikal is facing charges that he bilked more than 1,000 homeowners in a multi-state, multimillion-dollar mortgage scam.

Explain to your customer that the credit score they obtain from one of those services could be vastly different than the one used for underwriting.

KBW said real estate investors interested in acquiring bank-owned properties have raised anywhere from $6 to $8 billion, enough to acquire 40,000 to 80,000 homes.

Zillow fell Oct. 2 after the Securities and Exchange Commission asked the company to respond to questions about how it reported revenue.

Home loans were repaid in August at a pace that would erase 25% of the debt in a year, according to Lender Processing Services.

National Mortgage Insurance Corp., a new MI company, denies that it misappropriated trades secrets from the now defunct PMI Mortgage Insurance.

The New York attorney general has sued JPMorgan Chase, charging that the Bear Stearns brokerage it bought committed fraud in the sale of hundreds of billions of dollars in mortgage-backed securities.

Mike Perry, the former CEO of now-defunct alt-A giant IndyMac, has agreed to settle the last remaining negligence claim against him by the Securities and Exchange Commission by paying an $80,000 fine.

Radian will begin offering cash rewards to certain borrowers who recently modified their mortgage under the Home Affordable Modification Program.

Community banks might scale back their role in residential mortgages if changes are not made to Basel III.

Fannie Mae Chief Economist Doug Duncan explains why 2012 is the "Year of the Political Economy."

Lender seeks to ease minds of buyers worried about declining home vales.

Platinum Data and SharperLending have entered into a technology alliance providing access to certain product on the collateral valuation side of the transaction.

Eight people involved in a nearly a two-year mortgage fraud scheme that caused losses of over $30 million were charged with conspiracy to commit bank fraud and money laundering.

Morgan Stanley Mortgage Capital Holdings was sued for at least $111 million by a trustee for investors in mortgage-backed securities.