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"In certain circumstances, we will require specific and credible plans on how their information technology systems will be upgraded," says CFPB Director Richard Cordray.
BY Austin Kilgore
The Consumer Financial Protection Bureau will require underperforming servicers to document the technology and process changes they're making to implement the agency's recently released servicing regulations.
Fannie Mae is planning to provide relief to lenders from potential buybacks for loans in which the borrower's income, assets and employment information have been validated through automated underwriting.  more »
Flagstar Bancorp's quarterly profit increased after a decline in the value of a 2012 legal settlement liability tied to its mortgage lending practices.  more »
Home prices, when adjusted for income and interest rates, decreased in August by 2.6% on a year-over-year basis, making properties more affordable, according to First American Financial Corp.  more »
Producer Profile
A simple rhyme reminds one loan officer in a bustling California housing market to stay focused, committed and to treat every loan equally.
The results of the 2016 Top Producers Survey reflect a year of booming business for loan officers, both in terms of the dollar volume and number of loans reported by each loan officer.
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