Regulation and compliance
Regulation and compliance
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Negotiations that led to an $8.5 billion mortgage-bond settlement between Bank of America and institutional investors were tense and combative, the banks chief risk officer testified.
June 10 -
Bank of America's recent attempts to get some existing mortgage customers to refinance sounds eerily like a sales pitch from the bubble days of 2005.
June 10 -
New rules show the importance for lenders own sakes to make sure their customers know what is going on.
June 10 -
Global commercial real estate advisory services provider Situs has expanded its bank and loan advisory group by adding two directors and two vice presidents.
June 10 -
Standard and Poors is warning that new conduit commercial mortgage-backed securities deals, particularly those issued in the second quarter, are riskier compared with other recent vintage transactions.
June 10 -
Despite home price increases taking place in many real estate markets this year, potential sellers are still reluctant to list their properties for sale, therefore creating tight inventories for prospective buyers.
June 10 -
Each subsequent compliance conference is sporting record attendance by folks that are concernedscaredabout the pending changes to the mortgage lending landscape.
June 10 -
A group of homeowners who sued the Wells Fargo and the real estate firm Long & Foster failed to prove that Wells Fargo funneled referral fees to Long & Foster, a Maryland jury found
June 10 -
Sen. Elizabeth Warren is taking the Federal Housing Finance Agency to task, criticizing the conservator of Fannie Mae and Freddie Mac for opposing short sale deals designed to keep original borrowers in their homes.
June 10 -
McGraw Hill Financial Inc. and its Standard & Poors unit won a bid to move to federal court in New York lawsuits filed by 14 states and the District of Columbia accusing the companies of inflating mortgage-backed securities ratings.
June 7 -
The asking prices on homes for sale have risen 9.5% on a year-over-year basis for May, according to the Trulia Price Monitor.
June 7 -
Yields on Fannie Mae and Freddie Mac mortgage bonds that guide U.S. home-loan rates approached a 14-month high as May employment data failed to allay concern that the Federal Reserve will pare back its unprecedented stimulus.
June 7 -
We're hearing that lenders are only going to make qualified mortgages that meet the ability-to-repay underwriting standards mandated by the Consumer Financial Protection Bureau.
June 7 -
In todays competitive environment, efficiency is everything. In short, the days of paper-based processes are quickly coming to an end.
June 7 -
The Chicago office towers One & Two Prudential Plaza have received a hope note modification made possible by a $75 million new equity investment.
June 7 -
Jerry Kerley was sentenced in the Eastern District of Tennessee to serve four years in prison for wire fraud, bank fraud, and money laundering all stemming from a mortgage fraud scheme.
June 7 -
Lawmakers have not lifted a finger to give the Federal Housing Administration the authority to regulate its Home Equity Conversion Mortgage program via mortgagee letters.
June 7 -
One poster is asking the bulletin boards participants for their opinions on what is the best occupancy verification tool for an originator to use.
June 7 -
According to the Appraisal Institute, the Sensible Accounting to Value Energy Act of 2013 will ultimately help improve the mortgage underwriting process.
June 7 -
The Scottsdale, Ariz.-based landlord, which began buying foreclosed homes and converting them into rentals last year, had planned to raise as much as $260 million in an IPO this week.
June 6



