OTS Examination Handbook Update Addresses INTERNAL Fraud Concerns and Controls

And once again, I thought it was the Deadbeat Homeowners that took down the entire global economy… Internal Fraud is to blame for most breaches and financial losses. Identifying it early, or preventing fraud before it starts, must be a priority, the OTS says. The FBI estimates that 80 percent of all mortgage fraud involves … Read more

OCC and OTS Mortgage Metrics Report First Quarter 2010

Executive Summary This OCC and OTS Mortgage Metrics Report for the first quarter of 2010 provides performance data on first-lien residential mortgages serviced by national banks and federally regulated thrifts. The mortgages in this portfolio comprise more than 64 percent of all mortgages outstanding in the United States—nearly 34 million loans totaling almost $6 trillion … Read more

WAMU Appraisal Fraud – The People of the State of New York by Andrew Cuomo, Attorney General of the State of New York, Plaintiff-Respondent, v First American Corporation, et al., Defendants

Decided on June 8, 2010 SUPREME COURT, APPELLATE DIVISION First Judicial Department Luis A. Gonzalez, P.J. David B. Saxe James M. Catterson Rolando T. Acosta, JJ. 406796/07 1308 [*1]The People of the State of New York by Andrew Cuomo, Attorney General of the State of New York, Plaintiff-Respondent, v First American Corporation, et al., Defendants-Appellants. … Read more

Evaluation of Federal Regulatory Oversight of Washington Mutual Bank April 2010

Evaluation of Federal Regulatory Oversight of Washington Mutual Bank April 2010

OCC and OTS Mortgage Metrics Report

SOURCE: OCC Disclosure of National Bank and Federal Thrift Mortgage Loan Data Executive Summary This OCC and OTS Mortgage Metrics Report for the fourth quarter of 2009 provides performance data on first-lien residential mortgages serviced by national banks and federally regulated thrifts. The report covers all types of first-lien mortgages serviced by most of the … Read more