Compliance

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.

The operators of an allegedly deceptive mortgage modification business will pay more than $750,000 in ill-gotten gains to settle Federal Trade Commission charges. The settlements also permanently ban the 11 defendants from selling any mortgage assistance relief products.

Despite recent advances by credit scoring companies, the mortgage industry still questions whether credit scores can be relied on to predict borrower behavior.

Fitch Ratings has downgraded seven classes from six different Home Equity Conversion Mortgage securitizations.

Fitch Ratings has found that several types of U.S. structured finance assets have been performing way better than expectations, even far better than has been widely reported.

To expedite the legislative process, House and Senate leaders are trying to combine three major bills, including a flood insurance bill, into a single package that both chambers can pass before Congress leaves for its July 4 recess.

The House approved an amendment that would block the Department of Housing and Urban Development from finalizing a proposed rule that would expand the reach of the nation’s fair housing laws.

Once the industry realized just how horrible the housing crisis was, discussions about REO-to-rental and deed-for-lease strategies became popular and the debate continues today.

The largest RHS lender, JPMorgan Chase, is going ahead with a pilot program that allows underwater borrowers in 19 of the “hardest hit” states to refinance without a credit check or appraisal.

A new service from CoreLogic incorporates servicer stop advance data into its private-label residential mortgage-backed securities dataset.

Equifax's May National Consumer Credit Trends Report shows the total volume of severely delinquent first-mortgage loans declined to $450 billion from the peak of more than $700 billion in January 2010.