Compliance Solutions Address New Rules
As service providers team up to help originators with a complex array of revised mortgage regulations, a new report indicates that investors of residential mortgage-backed securities will see the value of their investments decline as a result of the revisions. One mortgage broker is calling for originators to go a step further than required in disclosing yield spread premiums. One firm helps reverse originators track disclosures.

MetLife Production Eases
Forward- and reverse-mortgage originations eased during the latest quarter at MetLife Home Loans, while mortgage headcount dropped by nearly 100.

HUD Reports Rise in HECM Originations
During its last fiscal year, endorsements of reverse mortgages by the Federal Housing Administration jumped by a quarter.

Bank Retakes Lead in Reverse Production
A monthly tally of reverse mortgage originations by lender indicates that the top spot has changed hands again. But the biggest wholesale lender in the reverse mortgage arena maintained its title.

Reverse Requirements Revised
Proposed reverse mortgage requirements at financial institutions wouldn't apply to proprietary products. Reverse program updates were announced for Federal Housing Administration loans and for servicers of Federal National Mortgage Association loans, while a trade group hosted an online event about reverse mortgage advertising.

Reverse Mortgage Help
The latest version of one loan origination system helps reverse mortgage originators meet new disclosure requirements, while setup fees are being waived by a provider of reverse mortgage Web sites. The biggest revers

Reverse Lenders Launch
Two reverse mortgage operations recently launched, with one promoting itself through a new retail Web site and the other staffing up with managers and originators. Two other reverse firms, including a top-10 lender, have been touting their credentials.

3 Face Sentences for Mortgage Crimes A former mortgage broker who stole more than $100,000 from a reverse mortgage borrower has been sentenced to six years in prison despite showing up at his sentencing with a $50,000 check for his victim. In another case, a Texas woman was sentenced for cleverly diverting proceeds from loan closings to her personal accounts. A third case has a former bank executive admitting that he cooked the books and facing sentencing along with two other related defendants who are accused of mortgage fraud.