Compliance

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.

Apparently, the words "fraud prevention" have such huge ramifications and implications that they have almost disappeared from the mortgage banking lexicon of approved words.

Ellie Mae COO Jonathan Corr discusses his outlook for mortgage loan origination system vendors. 

Second quarter new insurance written strong, but legacy business remains an overhang.

Three state attorneys generals have joined a lawsuit against the Dodd-Frank Act.

The government-sponsored enterprises have made several recent changes to their underwriting guidelines, potentially expanding the customer base on refi products.

FNC Inc. has received a patent for its appraisal score, a move that makes the product the first patented appraisal tool.

An EquityLock Protection contract protects the value of a customer’s home from future local market declines for up to 15 years.

A federal task force formed to probe misconduct in the mortgage and MBS markets may be getting ready to take action.

Some helpful hints if the taxman comes knocking on your door.