Regulation and compliance
Regulation and compliance
-
We're hearing about significant changes to the Idaho Residential Mortgage Practices Act which took place as of July 1.
July 18 -
Despite the recent market turbulence Home Loan Servicing Solutions reported net income of $27.9 million for the second quarter and expects to see further growth.
July 18 -
New business practices mandated by regulators in an effort to reform the primary mortgage servicer market appear to have leveled off large versus small bank differences in customer satisfaction.
July 18 -
A Securities and Exchange Commission lawyer found himself sparring with his own witness, a former top Paulson & Co. executive who claimed the agency intimidated and tricked him.
July 18 -
At least $238 million of the more than $575 million that was raised for Sandy relief had not been spent as of April of this year.
July 18 -
Raj Date estimates that nonqualified mortgages make up as much as $1.5 trillion of the $10 trillion home-loan market.
July 18 -
Fay Servicing has developed an employee training program that focuses on borrower management skills and teaches new hires how to foster close relationships with mortgage borrowers.
July 17 -
Travis Armstrong has high credit score, but because he owes more than his home is worth and has a private-label loan, hes stuck paying 7.5% interest.
July 17 -
Flagstar Bancorp plans to shift the focus of its mortgage servicing business to performing servicing assets and outsource its noncore default servicing business.
July 17 -
Rising home prices, fewer delinquencies and a dearth of claims by large bank lenders are helping improve the financial health of the Federal Housing Administration.
July 17 -
Standard &Poor's said statements about the integrity of its ratings are "puffery" that cannot be a basis for the fraud lawsuit.
July 17 -
Sergio Benitez, a real estate developer of affordable housing projects for the New York City Department of Housing Preservation and Development, was sentenced to a 22-month prison term for wire fraud.
July 17 -
Regulators have begun a push to significantly limit, and in some cases completely eliminate, the use of automated valuation tools in property valuation efforts.
July 17 -
Freddie Mac plans to sell $400 million of a new type of debt tied to the risk that homeowners will fail to repay mortgages.
July 16 -
So far this year, 619,263 homeowners who are at-risk of foreclosure have been assisted through the platform, which represents a 51% increase over the same time period a year ago.
July 16 -
At issue is whether NCUA waited too long to satisfy the three-year federal statute of limitations on civil claims of securities violations for sales that occurred as long as six and seven years before the suits were filed.
July 16 -
Higher fees charged by Fannie Mae and Freddie Mac to bring private capital back in the mortgage market might actually backfire by reducing borrower demand for home loans.
July 16 -
Terri Lynn Johnsons plea was related to a $576,000 mortgage fraud and embezzlement scheme at the title company where she worked.
July 16 -
Credit Suisse First Boston Mortgage Securities Corp. had three classes of its commercial mortgage pass-through certificates series 2002-CP5 downgraded by Fitch Ratings.
July 16 -
Proper education and financial planning advice could provide other, possibly more suitable options for seniors.
July 15

