Compliance

Wells Fargo, the successor to Wachovia Capital Markets, told a federal court in Wichita, Kan. Friday it should dismiss NCUA's suit over mortgage-backed securities Wachovia sold to offering prospectuses.

As bankruptcy filings become more common in Utah, there is a need for law firms to hire more attorneys to be able to protect consumers and businesses with their legal problems.

A federal court has frozen assets at five California companies that are being investigated for trying to scam U.S. homeowners facing foreclosure. The Federal Trade Commission says it has opened an investigation into companies, which charged its customers up to $10,000 for legal advice and forensic audits.

There often has been more talk than action in some cases when it comes to bringing old deal-types back to the new-issue securities market. But two notable transactions did emerge recently, and investors considering them should take note of how they and today's environment differ from what was seen in the past.

New York Attorney General Eric Schneiderman is warning state homeowners to beware of phone solicitations from scammers claiming to provide assistance related to the recent national mortgage servicing settlement.

In the early days of the financial crisis investors were lining up for the mother of all loan auctions. It was thought to be the best buying opportunity for bad debt since the S&L crisis. And then a funny thing happened: banks and investment bankers decided not to dump their nonperforming loans, at least not in large numbers - or at fire - sale prices.

The owner and founder of Metro Dream Homes has to serve 150 years in prison for his role in leading a $78 million mortgage fraud scheme.

Morgan Stanley has agreed to pay civil money penalties and conduct a review of 60,300 foreclosures conducted by its former servicing subsidiary, Saxon Mortgage Services, as part of an enforcement action by the Federal Reserve Board.

Minor adjustments in the approach to distressed property data analytics and communication with the homeowner may separate a foreclosure from a sustainable workout. The key is in considering all the data involved, including factors that are not strictly related to servicing and field services.

WASHINGTON - A mortgage lender accused of discriminatory lending practices is planning to fight back against a Justice Department lawsuit - a move that may embolden other banks to follow suit.

What are the most successful private companies operating in various financial markets including the mortgage space doing to prosper in 2012? Input from hundreds of Inc. 500 CEOs who have maintained above-average growth and profitability during tough economic conditions indicates there are six areas of focus that they considered key to their company's success.

The House Financial Services Committee has approved a bill to enhance the FHA's authority to police bad lenders after rejecting an amendment that would have reduced the agency's loan guarantees.

The Treasury Department is fighting back against critics of principal reduction who claim second lien holders will unfairly benefit from a reduction in the loan balances of underwater Fannie Mae/ Freddie Mac loans.

Recent Federal Housing Finance Agency efforts to interest buyers in the foreclosure-to-rent market may be off to a good start with an unlikely type of investor even though it still is everyone's guess whether this management strategy will effectively ease off inventory pressures and speed up the recovery.

At Interthinx we get to be both soothsayer and Monday morning quarterback understanding from review why portfolios fell during the bust, and applying that learning to the future. Thus, my advice to you is to make sure that best practices in your organization flow from front to back and that all areas have the necessary intelligence tools to adequately ensure quality.

At Interthinx we get to be both soothsayer and Monday morning quarterback understanding from review why portfolios fell during the bust, and applying that learning to the future. Thus, my advice to you is to make sure that best practices in your organization flow from front to back and that all areas have the necessary intelligence tools to adequately ensure quality.

Months after the Justice Department announced its biggest fair lending settlement in history, the banking industry continues to brace itself for the fallout from a renewed government focus on fairness.

The California Department of Real Estate has issued a consumer alert about the growing number of scams being perpetrated against timeshare owners in connection with timeshare resales.

A federal judge rejected an attempt by the Securities and Exchange Commission to compel Wells Fargo & Co. to comply with an administrative subpoena, ordering the agency and the bank to meet to resolve their dispute over documents related to the agency's investigation of nearly $60 billion of residential mortgage-backed securities.

A key piece of case law supporting defaulted borrowers' fight against Mortgage Electronic Registration Systems Inc. was vacated Wednesday, after a federal judge ruled that a New York-based bankruptcy judge overstepped his authority when he issued a scathing opinion of the private loan registry.