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Compliance

People’s Home Equity Partners Up With Comergence

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Comergence, a provider of third-party risk-management platforms for the mortgage industry, has announced that it is now providing its originator screening and due diligenClick to continue

Ginnie Mae Announces Changes in Issuer Requirements

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Ginnie Mae has announced several new Issuer requirement changes, as well as a new Issuer scorecard as part of a larger strategic effort to appropriately manage risk and resources within an evolving housing finance market.Click to continue

Defining a Settlement Service Provider

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Question: We continually hear about the importance of the “Settlement Service Provider” in originating residential mortgage loans. But it seems sometimes that almost everybody involved in a loan transaction is such a company. Is there a list that we can go by to determine who is and who is not a Settlement Service Provider?Click to continue

Castro Cites Agency Collaboration as Link to Solving Housing Issues

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U.S. Department of Housing & Urban Development (HUD) Secretary Julián Castro joined key leaders and experts at a national conference focused on utilizing innovative housing solutions as a platform to improve the quality of life for individuals, families and communities. The day-long event was hosted by the National Building Museum, in partnership with the John D. and Catherine T. MacArthur Foundation, the Office of Policy Development and Research, the U.S. Department of Housing and Urban Development, and the National Housing Conference.Click to continue

Colorado Man Sentenced to Six Years in Prison for Mortgage Fraud Scheme

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Chaval Williams of Centennial, Colo. Has been sentenced by U.S. District Court Judge William J. Martinez to serve 74 months in federal prison for wire fraud, identity theft and money laundering federal authorities have announced. Following his prison sentence, Williams was ordered to serve three years on supervised release. Williams was also ordered by Judge Martinez to pay $766,800.81 in restitution. He was ordered to report to a Bureau of Prisons facility once one is designated.Click to continue