Compliance

If your mortgage banking employer isn’t making money hand-over-fist then there’s something terribly wrong.

Federal banking regulators repeatedly fell short in their efforts to alert foreclosed homeowners that they may be eligible for monetary relief.

Residential loan officers are entitled to overtime pay if their primary duty involves selling mortgages, according to the United States District Court in Washington.

A House investigative report says Countrywide Home Loans doled out almost 18,000 “Friends of Angelo” loans over a 12-year period, but the price breaks were not very significant.

Over the past 18 months, KB Home experienced a “great deal of disruption” as Bank of America and MetLife curtained their lending mortgage activities.

There are ways the Federal Housing Finance Agency could structure a principal reduction program and prevent strategic defaults, which the agency is “deathly afraid of."

Amid growing controversy fueled in part by the new mortgage servicing rules to be finalized by the Consumer Financial Protection Bureau next year, the debate over the validity of lender-placed insurance is in full swing and expected to continue.

Most insiders support the Consumer Financial Protection Bureau's plan to give lender-placed insurance a makeover.

It's no secret that many of our cities are financially strapped for cash as their expenses continue to outweigh their revenues year after year.However, declaring bankruptcy is not necessarily the answer.

FinCEN said an increase or decrease in SAR filings is not necessarily indicative of whether there is more or less mortgage loan fraud activities taking place nationwide.

The Federal Housing Finance Agency said that the winning bidders have been selected in Fannie Mae’s first bulk sale offering through the REO-to-rental pilot initiative.

Spanish and Portuguese banks are leading European lenders in buying back their own mortgage-backed securities at distressed prices to bolster capital and stockpile eligible collateral for European Central Bank loans.

An American Securitization Forum report suggests market participants agree combining Fannie Mae/Freddie Mac mortgage-backed securities could eliminate pricing discrepancies between the two types of agency MBS.

The crisis in mortgage lending and the anger that followed the robo-signing scandal has become a crisis of paper.

Some friends and I recently decided to do a "staycation" in Scottsdale, Ariz. The experience was horrendous, but they taught me several valuable lessons about our industry.

After some big banks backed out of a low-income housing project in Tuscaloosa, Ala., a credit union has stepped in to help struggling first-time homeowners achieve their dreams.

Congress has passed a five-year extension of the National Flood Insurance Program along with substantial reforms that will raise premiums to improve the financial condition of the program.

The cities of San Bernardino, Ontario and Fontana have passed resolutions to purchase the underwater loans of city residents and Mortgage Resolution Partners will refinance the loans.

While other major developments have gone to seed during the housing recession, Stapleton, Colo., has flourished as the new town is on track to record its third best sales year ever in 2012.

The problem is that the future is unpredictable: just as we can’t always foresee what will be on the litigation panels or general sessions, neither can we police for all the potential fraud trends on the horizon.