Regulation and compliance
Regulation and compliance
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Sabal Financial Group CEO Pat Jackson sees niche business growth opportunity within the third-party servicing space.
July 2 -
Jeffrey Whaley of Sevierville, Tenn., faces five years in prison for his May 2012 federal convictions for wire fraud, bank fraud and money laundering arising from a mortgage fraud scheme.
July 2 -
Home Loan Servicing Solutions and HLSS Management have entered into a senior secured term loan facility agreement with JPMorgan Chase Bank.
July 2 -
There has not been a great deal of buzz surrounding the CFPB complaint database thus far, but servicers could gain valuable perspective simply by understanding the process.
July 2 -
Ballard Spahrs long-term expansion goals have now led to the creation of Ballard Spahr Stillman & Friedman in New York.
July 2 -
Two officers of an Arizona mortgage lender are going to prison for defrauding a Troubled Asset Relief Program recipient.
July 2 -
Mutual thrift defections from the Office of the Comptroller of the Currency should decline now that once-nervous bankers have gotten a chance to get familiar with the regulator.
July 2 -
Standard & Poor's Ratings Services said it raised its long-term issuer credit rating on District of Columbia Housing Finance Agency by one notch to A from A-minus.
July 1 -
A combination of improving payment behavior and decreasing delinquencies have brought some stability to the mortgage market, according to Equifax.
July 1 -
U.S. home-loan bonds without government backing tumbled last month to leave several types of the debt trading at their lowest prices of the year.
July 1 -
Some observers suspect regulators might punt on finalizing how banks should calculate their capital for residential mortgages, deferring on the issue.
July 1 -
We're hearing Hurricane Sandy is back in the news, with New York City unveiling an ambitious plan to beef up storm defenses and HUD announcing a design competition focusing on building more resilient structures.
July 1 -
House appropriators have voted to slash the budget of the Department of Housing and Urban Development.
July 1 -
The number of securitized U.S. commercial mortgage loans transferred into special servicing has dropped substantially at roughly 45% over the last year.
July 1 -
Besides DataQuick Information Systems, CoreLogic is buying the credit and flood services operations from DataQuick Lender Solutions.
July 1 -
How can the mortgage banking industry prepare, based on lessons from these previous storms, and protect themselves if and when this happens again?
July 1 -
Banco Popular de Puerto Rico completed the sale of a $438 million portfolio of nonperforming residential mortgage loans at a loss.
July 1 -
Roughly in step with other markets, structured finance pricing and issuance in June was governed by questions of how quickly the Federal Reserve would rein in its asset-buying spree.
July 1 -
Citigroup will continue servicing the covered loans and the agreement does not release the fourth largest U.S. servicer from servicing liability on those loans.
July 1 -
The former vice president of lending at Members Choice CU pleaded guilty to creating $340,000 of loans in unwitting members names that he used to pay his credit card bills, his taxes and for home improvements.
June 28



