Government

A federal grand jury in New Haven, Connecticut, has returned a 10-count indictment against three former residential mortgage-backed securities traders for Nomura Securities International.

Ginnie Mae has released an update to its issuer business status requirements that will help issuers that are going through ownership and organizational changes.

Goldman Sachs won a class action lawsuit accusing the investment banking firm of knowingly selling toxic mortgage-backed securities to hedge fund Dodona I and other investors in 2007 before the financial crisis, according to media reports.

Consumer attitudes toward the real estate market slid down in August due to economic concerns, Fannie Mae reported in their newly launched Home Purchase Sentiment Index (HPSI). In August 2015, the HPSI fell 0.5 points from July to 80.8, Fannie Mae said. The sentiment level is also down from the peak reached in June 2015 of 84.7 and the index is up 5.3 points from August 2014.

Although the rate hike is expected to occur at some point before the end of 2015, mortgage bankers indicate that the real estate market in 2016 will favor sellers.

U.S. District Judge William Dimitrouleas in the U.S. District Court, Southern District of Florida, dismissed lawsuits filed by Ocwen Financial shareholders and Altisource Portfolio Solutions shareholders accusing the Atlanta-based servicer of fraud.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This advisory piece features Tim Anderson, director of eServices for DocMagic, Inc., providing a final checklist to ensure mortgage lenders and servicers are fully prepared for TRID and avoid costly fines.

Walter Investment Management Corp., has agreed to pay $29.63 million to resolve allegations that the company and its subsidiaries submitted false reverse mortgage loan claims, the Justice Department announced on Friday.

The city of Los Angeles has dropped a lawsuit accusing JPMorgan Chase of discriminatory lending toward minority borrowers that drove up foreclosures.

Despite housing market challenges, U.S. state housing finance agencies remain financially sound as mortgage revenue bond issuance, net interest, median ratios, and other factors trend upward.