Often ignored is what the cost of additional oversight under the Consumer Financial Protection Bureau means to the consumer.

This enforcement action serves as an important lesson to lenders who enter into marketing agreements with builders, title companies and Realtors.

A couple of warnings, specific to California, but could apply in other states as well.

It would almost seem reasonable for large banks to first extend the Home Affordable Refinance Program to those most at-risk, but many still need help.

Since the final loan officer compensation rule came out, many have been trying to figure out who exactly is considered an “originator.”

The safest bet is to put plans in place that avoid strong incentives to steer a customer to a less appropriate loan.

When contracting with a third-party vendor, ensure the relationship adheres to Consumer Financial Protection Bureau guidelines.

The trick is to figure out how to properly manage the onslaught of regulatory changes.

Michael Wilkerson recruited some of congregants to be straw buyers.

We only have to reflect on Long Term Capital Management, Fannie Mae and Freddie Mac to see the value in validating our models.

Regulators are increasingly examining institutions’ vendor risk management processes.

A cap on points and fees in new qualified mortgage rules could put brokers and affiliate relationships in jeopardy.

Systems for new Consumer Financial Protection Bureau rules must be in a production-ready state several months before their “go-live” date early next year.

It would appear that a real estate salesperson selling a home to a buyer that refers the buyer to a particular loan originator or creditor (lender) or a loan originator that works for the lender and expects compensation becomes a loan originator

When people speak about the cost of non-compliance the first thing people think about are fines levied in connection with investigations. In fact, that is the least of your concerns.