Compliance

The National Credit Union Administration has filed suit against UBS Securities claiming securities fraud in the sale of $1.1 billion of MBS.

Tommy Lister is one of three people to admit guilt so far in mortgage fraud scheme in California.

The Federal Housing Administration said 56% of the 54,000 borrowers in default on their FHA Home Equity Conversion Mortgage are participating in a “repayment plan to pay off their outstanding T&I debt.”

United Guaranty Corp. says servicers for loans it provides mortgage insurance on where borrowers were affected by Hurricane Isaac will not need prior approval from the MI for implementing forbearance measures.

They contend that the ‘Qualified Mortgage’ rule that the Consumer Financial Protection Bureau is working on will rid the marketplace of “irresponsible underwriting and toxic loan terms.”

Simple messages communicated repeatedly over multiple mediums yield the most successful communication strategies.

Now that California has codified the national mortgage servicing settlement, are other attorneys general going to “follow the leader” and enact this type of legislation within their state?

A non-partisan group says the Federal government’s efforts to prosecute subprime wrongdoers – particularly on Wall Street – has fallen short and is asking for new, tougher laws on white collar crime.

Mortgage insurance may get a break from the new Basel III capital rules.

There is a movement toward retaining servicing rights benefits. It involves originators and the wider mortgage industry.

Citigroup over the weekend said it will let customers challenge the suspension of home equity loans.

Fannie Mae Chief Economist Doug Duncan discusses the current refi boom and its impact on future mortgage origination activity.

Nothing like a couple of high-profile money laundering cases to bring the entire industry into regulators' crosshairs.

A huge boom ahead for mortgage vendors? (You can thank the regulators.)

Compliance with the CFPB’s redesigned borrower disclosure requires new technology and processes.

Ellie Mae COO Jonathan Corr discusses emerging trends in mortgage origination technology.

Citigroup will pay $590 million to settle a class action civil suit brought by investors seeking damages from the bank’s exposure to subprime MBS.

The nation’s five mega-servicers told their attorney general settlement monitor that they modified $10.5 billion of home mortgages for 137,850 troubled borrowers between March 1 and the end of the second quarter.

Any quarter now Fannie Mae will crank up its nonperforming loan auction machine, giving bottom fishers across America a chance to bid on billions of dollars in nonperforming mortgages guaranteed by Uncle Sam.

A mortgage fraud alert was recently issued to the armed services community to combat scams targeted at homeowners seeking to apply for mortgage assistance through the Home Affordable Modification Program.