Government

New regulatory requirements from government entities are completely changing the pace and manner in which the mortgage industry does business. Compliance has become the new focal point for lenders, servicers, and others in this space.

The issue that has been at the center of debate among banks for some time is whether or not property evaluations are sufficient substitutions for appraisals when determining the value of a home for real-estate-related financial transactions.

As home prices increase at a much slower pace than they have been over the last few years, potential homebuyers may have found their opportunity to enter the housing market as homes become more affordable.

The government's Making Home Affordable (MHA) program was launched by the Obama Administration in February 2009 as a way to stabilize the housing market and help struggling homeowners avoid foreclosure.

Ocwen’s Chief Compliance Officer, Michael Hollerich, sat down exclusively with MReport to discuss compliance trends in the mortgage industry and how the nonbank servicer is creating a revitalized culture of compliance.

Mortgage interest rates have continued to decline to historical lows and have not motivated buyers to apply for a mortgage loan, but for the first time in two months, mortgage interest rates have moved up. Will this drive potential homebuyers further away from the housing market?

Slow household formation, mortgage demand, and compliance costs associated with new regulatory requirements are impacting lenders' business operations and profitability in the housing market.

After two months of consecutive declines in mortgage interest rates Freddie Mac reported that they have finally moved upward amidst subsiding financial market turbulence.

The Ninth Circuit Court of Appeals affirmed a decision by a lower court that Fannie Mae and Freddie Mac are "private companies." What will the ruling mean, if anything, for the pending lawsuits by GSE investors who claim the Net Worth Sweep is illegal?

Citigroup Inc., recently received a victory in an appeals for a case involving homeowners allegedly not receiving the agreed-upon terms in their mortgage modifications.