Compliance

Fannie Mae Chief Economist Doug Duncan explains the impact that housing is having on the U.S. economy.

The conundrum the industry is grappling with is accelerating short sales while simultaneously detecting and preventing the growing incidence of fraud these transactions may produce.

Over the past several years, there has been an increased focus on determining risk associated with the participants facilitating a loan transaction.

Morrison & Foerster can't say it hired the attorney who wrote the CFPB's rulebook. But it picked up the guy who started the job.

Phillip Matous wants to make sure legislators in his state understand the weight of the regulatory burden credit unions and other lenders are bearing.

Four years is a long time, but even longer when comparing banks' relationship with Washington since the last round of political conventions.

A controversial proposal by three California municipalities to seize underwater mortgages through eminent domain could face significant legal challenges because state law prohibits local governments from taking property and conveying it to a private company.

Data integrity is the key to compliance with the Dodd-Frank Act.

Equifax's latest monthly national consumer credit trends report shows a decline from July 2011 in the amount of overall mortgage debt and a decrease in residential mortgage delinquencies.

The Attorney Generals in Arizona and California are pursuing loan modification fraud cases.

FHFA auditors are in the process of identifying lenders which sold “materially deficient” mortgages to the GSEs and will bring civil damage claims against these seller/servicers.

Secure Settlements has developed a proprietary risk analysis software that references national databases and a risk rating system to verify closing companies and individuals in real time and provide a standardized evaluation and reporting platform for mortgage originators.

Mortgage servicing rules will enhance the relationship between servicers and special servicers in the short term.

Standard & Poor’s warned that the entrance of new and lesser known special servicing firms can overcrowd the market and complicate the servicing process.

Freddie Mac’s approach to the first HARP refinancing program resulted in faster prepayment speeds on its securitized mortgages compared to Fannie Mae MBS, according to a new report from Amherst Securities Group.

Determining a portfolio’s exact level of risk is particularly challenging due, in part, to the sheer volume of data and information requiring thorough review.

Attus Technologies, a provider of regulatory compliance products, has introduced six new Dodd-Frank Act planning and mortgage reform compliance self-assessment modules to its Managed Compliance Service.

The Treasury Department’s announcement Friday that it was restructuring its ongoing bailout of Fannie Mae and Freddie Mac caught most observers off guard.

Because of the stabilization in house prices, neither government-sponsored enterprise has had to borrow significant money from the Treasury since the beginning of the year, leaving the total tab for their bailout at around $190 billion.

Given the pace and complexity of changes impacting the mortgage industry, getting it right the first time can be quite a challenge.