Compliance

It is no secret that the changing market landscape has created new opportunities and threats for mortgage bankers.

A U.S. District Court judge in Utah recently awarded $2 million to a group of 28 tenant-in-common investors who were victims of the largest Ponzi scheme to ever occur in the state.

The Mortgage Bankers Association hired industry veteran Pete Mills as its new senior vice president of residential policy and member services, effective Oct. 1.

The Justice Department is defending a recent fair-lending settlement against an accusation of prosecutorial overreach.

Presale reports on the latest deal from the only consistent, current issuer of recent origination private-label mortgage-backed securities highlights its inclusion of relatively shorter-term loans.

The strong recovery in commercial real estate prices that commenced in early 2010 continues, albeit it “has lost steam over the last three quarters.”

New computer software designed to help people pay off their mortgage, get out of debt and automate debt consolidation is coming to the U.S. from New Zealand.

A crowd of more than 200 marched on the New York City offices of Freddie Mac and Fannie Mae on Sept. 12, protesting the eviction of distressed homeowners and demanding Edward DeMarco, the acting director of the Federal Housing Finance Agency, implement a principal reduction policy for Fannie Mae and Freddie Mac.

Data show the vast majority of pre-retirees and older workers are overburdened by mortgage debt and other modern era expenses.

A federal indictment said 11 defendants participated in a fraudulent loan modification business that took advantage of homeowners who were having difficulty paying their monthly mortgage payments.

Mortgage seller/servicers may need to cough up an additional $3.4 billion of damages to Freddie Mac for buybacks.

An iPhone app released by Radian Guaranty allows users to check eligibility and calculate rates for the Philadelphia-based mortgage insurer’s products.

Distressed asset liquidation timelines will continue to coerce the decision making process for both lender-servicers and homeowners.

Demand for foreclosed properties is heating up in certain markets where the supply is shrinking at increased speed.

Government entities, investors and lenders are embracing efforts to minimize foreclosure related losses by keeping properties occupied.

Bankers are mounting their support for national efforts to build up a much-needed financial literacy foundation.

Integra Group Real Estate expanded its property management services to now provide inspections for vacant rental and real estate-owned properties.

Correspondent banking remains a tricky and risky business, but a growing number of bankers believe it can be lucrative.

After hitting rock bottom in the real estate bust, commercial mortgage-backed securities financing is making a comeback.