Sen. Barbara Boxer, D-Calif., wrote the Internal Revenue Services in August asking how they will treat California short sales after the expiration of the Mortgage Forgiveness Debt Relief Act.

The new feature will reduce errors and lender risk by ensuring the loan meets investor eligibility guidelines before it is too late in the process.

The Federal Reserve plans to reduce the amount of mortgage-backed securities it is buying per month by about 12%.

As malware and virus detection gets more advanced, financial firms may find their IT departments overwhelmed by the volume of “suspicious activity” alerts that have to be investigated.

The company will originate loans through its call center and the wholesale and correspondent channels.

An unprecedented annual jump in Internet mortgage banking transactions coupled with a 50% increase in mobile banking is profoundly changing retail bank operations and customer retention practices across the U.S., according to Accenture.

Ronald Hurst will serve two years in prison for conspiring to commit bribery and wire fraud in a scam that affected the U.S. Department of Veterans Affairs Mortgage Guarantee Program.

Stenwyn Joseph previously had oversight of a team of portfolio managers and analysts managing risk and return associated with mortgage servicing rights at OneWest’s predecessor, IndyMac Bank.

The new LoanLogics’ team is led by three experienced compliance officers whose current focus is to provide regulatory compliance and loan quality assessment services that help lenders minimize costly mortgage loan buybacks.

When addressing the QM rule, lenders face a key strategic consideration—whether to only make loans that meet the definition of a qualified mortgage or to also make loans falling outside the rule.

To satisfy the Federal Reserve Board , M&T needs to improve its risk-management program and establish processes for identifying and reporting suspicious transactions.

At least two bank-owned commercial loans were recently sold at a significant premium indicating recent price gains will help banks cut more losses in the near future.

Increased national and international regulatory burdens are challenging mortgage firms to build efficient compliance risk mitigation strategies and test their business models against cyber-crime. A few themes are emerging.

Over the last year to 18 months, some people have been of the opinion that REO-to-rental signifies a trade, not necessarily a long term business model.

The guarantee fees Fannie Mae and Freddie Mac charge fail to put a price on mortgage risks in line with what the private market charges.

Despite signs of retraction there still is hope for a consistent albeit slow housing market recovery in 2014, TransUnion analysts say.

The annual suspension will run from Dec. 18 through Jan. 3.

Earl Gross withheld over $8 million in loan payoffs that were due to Wells Fargo.

Without tax dollars and revenue for governments, which no one wants to pay, things would become quite messy.

Single-family rental securitization prospects look brighter to supporters who find the REO-to-rental trend has evolved enough to bode well for a new wave in 2014, but analysts warn of unique new investor risks.