Compliance

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.

While Senate Republicans seem to have largely moved past President Obama's controversial recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau, it was clear Thursday that the House GOP has not.

Over the past few months eWarehouseOne has been gaining somewhat of a buzz among small to medium-sized nonbanks that have been searching high and low for a good deal in warehouse financing. But at the same time, these very same lenders have been asking a very basic question: who exactly are these guys?

New York attorney general Eric Schneiderman's efforts to carve $15 million out of the state's $132 million national mortgage servicing settlement fund to provide foreclosure prevention assistance to New Yorkers came to fruition only a few days shy of the fund's expiration date.

Coming off two straight profitable quarters and flush with capital from its recent public stock offering, HomeStreet Bank, a top ranked mortgage lender in the Seattle area, is back in the good graces of its regulators.

The firm’s Mortgage Fraud Risk Report found that incidents of employment and income fraud increased 14% during 2011. This follows an upward trend seen over the last two years in which these fraud activities occurred 45% of the time.

Although Wells Fargo & Co. won't talk about its 'exclusionary' list of third-party lenders, correspondent loan buyers doing business with some of the firms say they wound up on the list mostly because of buyback disputes with the megabank.

Appraisals are costing bankers more money and, in some cases, business. Recent regulation has altered the fee structure and required more independence between bankers and appraisers.

Credit union representatives wasted no time recently when they had the opportunity to line up to ask questions of-and criticize-the National Credit Union Administration and its examiners, with one person saying his most recent exam was practically an "interrogation."

Only three of the top 10 states with the most tornados from 1980 to 2009 currently are in the so-called Tornado Alley, according to a new CoreLogic tornado and hail risk report. The change, however, is not an anomaly, as everyone believed.

HECM lenders and originators need to be increasingly proactive about reporting potential fraud and aware of how best to identify and report it if they want to mitigate potential indemnification and compliance risk, a special agent from HUD IG's office told attendees at a National Reverse Mortgage Lenders Association meeting Tuesday.