Compliance

This product helps lenders meet Fannie Mae’s Loan Quality Initiative recommendations and check borrower credit activity during the processing of a mortgage.

Glen Ward promised to delay foreclosures for distressed homeowners as long as they could pay him $700 a month.

The upcoming presidential election will have a significant impact on compliance but will not cause it to decrease.

Unlicensed origination activity by loan officers is occurring "at a surprising rate."

Starting in September Bank of America has agreed to use the Web portal of Hope Now, in a move the alliance sees as “a game changer.”

The latest legal cases and regulatory actions from around the nation.

Bank of America’s alliance with Hope LoanPort may give a new boost to the number of modifications completed hereon.

Data on the loans municipalities are being advised to target show fewer underwater mortgages are defaulting and when borrowers stop paying, modifications increasingly include balance cuts.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.

SAS Security Intelligence software provides fraud prevention and security protection in a single platform operating across all delivery channels and an entire bank's business.

The first baseline report detailing progress under the $25 billion servicing settlement will be issued by the end of the month, according to the independent monitor appointed to oversee the agreement between five major servicers and 49 states.

Among the issues to be considered in creating the right match between lender and provider is culture, capability and flexibility

Fannie Mae and Freddie Mac have expanded efforts to get refunds on soured mortgages, boosting the cost of faulty home loans at the biggest U.S. banks since 2007 to at least $84 billion.

So far this year, 39 banks have shut down. This is down substantially from 61 and 108 that closed during the same time period a year ago and through July 2010, respectively.

Analysts are warning that, if implemented, the new mortgage servicing rules proposed by the Consumer Financial Protection Bureau could lead to further market consolidation.

The mortgage servicing market has been experiencing a continued consolidation trend in the recent past.

The CFPB is working on a real estate issue that gets to the core of its purpose: transparency and better disclosures of costly loan process fees.

Fitch has updated its RMBS loan loss model criteria in a move it expects to affect a relatively small percentage of its ratings overall.

It is widely recognized throughout the industry that short sale completions are increasing.

Capacity constraints and issues with cross-servicer refinances remain significant challenges to the Home Affordable Refinance Program.