Compliance

November remittance data showed that the $192 million loan backed by the Manhattan Apartment Portfolio was liquidated. According to Barclays Capital CMBS analysts, if the loan's disposition strategy is right, this might be considered the largest note sale ever in CMBS.

The extraordinary actions taken by the Fed during the financial crisis were a "problematic exercise in credit allocation," according to Federal Reserve Bank of Richmond President Jeffrey M. Lacker, who added purchases of U.S. Treasury securities could have created the same "expansion of reserve supply."

The unemployment rate will remain above 7% for the next three years and the country won't be at “maximum employment until 2016,” Federal Reserve Bank of San Francisco president and chief executive John C. Williams said Friday.

The Fed can do more to help the economy, and buying mortgage-backed securities could be a good start, since it would boost the beleaguered housing market, Federal Reserve Bank of New York President William Dudley said Thursday.

Moody's Investors Service downgraded the rating of Colorado Housing and Finance Authority (CHFA) to A2 from A1 on Friday.

In the wake of the savings and loan crisis of the 1980s, insurers and bankers feuded over directors and officers' liability policies. At issue: whether D&O policies covered claims brought by the Federal Deposit Insurance Corporation against a failed bank's officers.

The risk of employment and income-related mortgage fraud rose nearly 9% in the third quarter compared to a year ago, and is up almost 50% from 2009, according to a new report from Interthinx.

The appeals court ruling against MERS that caused the GSEs and the Department of Housing and Urban Development to reinitiate foreclosures on more than 1,600 Michigan properties was overturned by the state's highest court this week.

A surprising amount of resiliency exists in terms of housing demand but the supply imbalance will likely persist for another couple years, the chief investment officer of Goldman Sachs' private wealth management unit said Thursday.

In the first criminal case involving robo-signing of mortgage documents, Nevada's attorney filed charges Wednesday against two people accused of filing tens of thousands of false documents.

The special inspector general for the Troubled Asset Relief Program said Wednesday that it worked with Google to suspend advertising for a slew of alleged online mortgage modification scams.

Two Michigan registers of deeds have filed a class action lawsuit against Mortgage Electronic Registration Systems for allegedly not paying proper county and state transfer taxes.

The Justice Department began sending letters Monday to servicemembers who are entitled to $20 million in damages from Bank of America Corp. for alleged violations of the Servicemember Civil Relief Act.

Military personnel whose homes were improperly foreclosed upon will each receive at least $116,875 from BAC Home Loans Servicing, a subsidiary of Bank of America, for the bank's alleged violation of the Servicemember Civil Relief Act.

Clarity Services has released its new Clear Subprime ID Fraud solution designed to prevent mortgage fraud for lenders in the subprime market.

U.S. District Judge Liam O'Grady has sentenced a man to two years in prison, followed by 24 months of supervised release, for using his professional experience as a loan officer to commit mortgage fraud.

Effective Jan. 1, 2012 the California Real Estate Commissioner may issue citations to unlicensed persons the commissioner believes to be engaging in activities for which a real estate license is required or to licensees who are in violation of any provision of the Real Estate Law or any rule or order thereunder.

Lawyers have opened a new front in mortgage securities litigation by suing BNY Mellon and U.S. Bank over an alleged failure to properly handle the storage and recordkeeping of mortgage documents. But observers and participants in more established mortgage repurchase litigation question whether suing over trust and document custody errors is a promising fight.

Not only is the government suing Allied Home Mortgage for FHA fraud, its lawsuit calls into question how company founder and CEO Jim Hodge handled complaints by insiders about its net branch arrangements.

The numerous agencies involved in financial regulation should find better ways to coordinate with each other as they seek to implement the massive Dodd-Frank Act, according to a government watchdog report released Thursday.