Law and regulation

The lender disguised kickbacks as lease payments to the referring bank.

Also some advice on complying with the ability-to-repay requirement.

SIFMA members are also concerned about risk retention and GSE reform, according to the group’s EVP.

Craig Schrank, a producing manager at Willow Bend Mortgage, believes that is what makes the advantage in an otherwise level playing field.

The AG’s complaint says the defendants identified abandoned residential properties in which they filed for adverse possession of the housing units in court to obtain title.

Any validation of the property’s value must be revealed to the borrower.

The drop has boosted applications, but the consumer break on loan costs may not last.

A complaint was filed in federal court claiming CitiMortgage officials failed to apply the proper mortgage-amortization rate to loans of active-duty members of the U.S. military.

Federal investigators said traders may have conspired to rig rates or front-run the two firms in the interest-rate swaps market.

Dealing with other income when it comes to underwriting loans and proving the borrowers' ability to repay.

The grant will help rehabilitate or preserve more than 3,000 affordable housing units in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands.

Credit requirements loosened the most in December, when 31% of mortgages had credit Fair Isaac & Co. credit scores below 700.

The Nigeria Mortgage Refinance Co. will sell bonds on capital markets and provide long-term financing to lenders that will help them extend more home loans.

Ann Thompson intimated that she works almost exclusively with mortgage lenders and servicers examining their prioritization process to assess risk.

A court directed the Department of Housing and Urban Development to clarify the rights of unnamed spouses in Home Equity Conversion Mortgages documents, but HUD is appealing the decision.

The lender will continue to make high-balance loans with DTIs above 43%.

The operators of this scheme have been banned from offering any type of mortgage and debt assistance business services to consumers.

CEO Joseph Ficalora continues to look for a transformative acquisition to cross $50 billion in assets—even if it invites extra regulatory scrutiny.

Real estate portfolios helped boost net mortgage banking income in the fourth quarter of 2013 when it reduced more headcount to offset declining origination volumes.

The petitions were filed on four assets to preserve current value and realize full potential value through either a plan of reorganization or orderly marketing and sale.