CampusMBA, the education division of the Mortgage Bankers Association (MBA), has announced that it is partnering with the Consumer Financial Protection Bureau (CFPB) to offer a monthly Webinar series addressing a variety of issues including the CFPB's current activities and significant initiatives impacting the mortgage industry.Click to continue

Federal Housing Finance Agency (FHFA) Acting Director Edward J. DeMarco has released, for public comment, the FHFA’s draft Strategic Plan: Fiscal Years 2013-2017.Click to continue

Residential Capital LLC (ResCap), a subsidiary of Ally Financial Inc., has announced that its Board of Directors voted to file for Chapter 11 protection along with 50 of its subsidiaries. ResCap’s mortgage origination, servicing and other business activities, conducted through its subsidiaries, including GMAC Mortgage, will continue to operate as the Chapter 11 proceeds. Undergoing the Chapter 11 process will:Click to continue

The Consumer Financial Protection Bureau (CFPB) has outlined rules that it is considering to simplify mortgage points and fees and bring greater transparency to the mortgage loan origination market. The CFPB expects to propose the rules this summer and finalize them by Jan. 21, 2013. The CFPB is considering proposals that would:Click to continue

Freddie Mac has announced that its Board of Directors has appointed Donald H. Layton as chief executive officer and has elected him as a member of the Board of Directors. Layton will join the company on May 21, 2012. Layton will assume leadership of Freddie Mac after a long career in banking and financial services. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting as a trainee and rising to vice chairman and a member of the three-person Office of the Chairman, retiring in 2004.Click to continue

Preet Bharara, U.S. Attorney for the Southern District of New York; Stuart F. Delery, Acting Assistant Attorney General for the Civil Division of the U.S. Department of Justice (DOJ), Helen Kanovsky, General Counsel of the U.S. Department of Housing & Urban Development (HUD), and David A. Montoya, Inspector General of HUD, have jointly announced that the U.S. has settled a civil fraud lawsuit against Deutsche Bank AG, DB Structured Products Inc., Deutsche Bank Securities Inc. (collectively Deutsche Bank) and MortgageIT Inc.Click to continue

Joseph A. Smith Jr.Click to continue

Lenders Compliance Group Inc. (LCG) has announced the formation of Brokers Compliance Group, a new mortgage compliance service exclusively devoted to offering regulatory compliance support to mortgage brokers and loan originators (LOs).Click to continue

ServiceLink has announced expanded the availability of its HARP 2.0 solutions to lenders nationwide, including regional and smaller national lending institutions, which stand to benefit most from this enhanced government program. To date, ServiceLink has successfully completed hundreds of thousands of HARP transactions for its customers, helping borrowers stay in their homes in the process. HARP transactions may be submitted to ServiceLink in a variety of ways, including custom systems integration, the company's Web site or through third-party transaction platforms.Click to continue

Coester Appraisal Group has announced the launch of its Cloud Control Compliance Center, a new tool that lenders can use to ensure compliance with all major industry regulations, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, Truth-in-Lending Act (TILA), and more. Cloud Control’s Compliance Center, which can be custClick to continue