Compliance

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.

Presently, for legacy seller/servicers the minimum is roughly $2.5 million, but the fear is that over time that threshold will be ratcheted up to $5 million—all in the name of risk management.

Freddie Mac won’t have to face a lawsuit filed by investors accusing it of misrepresenting the state of its finances in 2007 and 2008, a federal judge ruled.

Probably more than 200 people per week are being indicted and/or convicted nationwide for mortgage fraud.

A new report from the inspector general of the Federal Housing Finance Agency slams the agency for delegating too much management authority to the government-sponsored enterprises on major business decisions.

U.S. residential mortgages’ losses are too small to account for the 2008 financial crisis, implying they were a sign of other causes rather than the main cause, according to industry analyst Mark Adelson.

Barclays Bank has been sued by the nation's top credit union regulator for violating federal and state securities laws tied to the sale of nonprime MBS.

Consumer advocates filed a discrimination complaint this week alleging that Bank of America violated fair-housing laws by failing to appropriately maintain and market foreclosed properties in minority neighborhoods.

Risk management technology and services providers believe data accrual and analytics can help lenders get a heads-up before a mortgage boom turns into a mountain of bad loans.

Federal Financial Analytics believes that higher net worth standards are not necessarily a problem for bank servicers, but could pose a “significant obstacle” for small nonbanks, depending on the capital threshold.