Ditech Settles Charges of Borrower Harassment

Mortgage Daily, Sept. 28, 2016
Walter Investment Management Corp.’s mortgage banking subsidiary has agreed to settle charges that it harassed delinquent Massachusetts borrowers for four years.

Justice Dept. to Banks: Cooperate in Civil Investigations–Or Else

National Mortgage News, Sept. 28, 2016–Berry, Kate
Banks now expected to “materially assist” the agency in providing documents, access to witnesses and even inculpatory documentary evidence such as emails and text messages.

Seven Transitional Themes, With MBA’s Dave Stevens

Capital Alpha Partners, Sept. 29, 2016
Capital Alpha hosted Mortgage Bankers Association CEO Dave Stevens in an annual call to update listeners on policy issues confronting the mortgage housing sector.

BB&T Paying $83M to Settle FHA Bad Loan Investigation

National Mortgage New, Sept. 29, 2016–Finkelstein, Brad
BB&T Corp. has agreed to an $83 million settlement with the U.S. Department of Justice over mortgages with quality control problems that were insured by FHA.

Web-Based Solutions for Mortgage Compliance

Mortgage Daily, Sept. 29, 2016–Garcia, Sam
Web-based services have been launched and improved to help mortgage companies comply with a host of regulations.