National Mortgage News

Regulation

CFPB director Richard Cordray's nomination is set for a vote in the senate. Photo: Bloomberg News.

Will Court Move Lead to CFPB Uncertainty?

A court found a recess appointment to the National Labor Relations Board was unconstitutional. This could affect the Consumer Financial Protection Bureau.

Origination

Risk Management

N.Y. AG Revising Foreclosure Settlement Complaint Against B of A, Wells

New York Attorney General Eric Schneiderman is revising his allegations of foreclosure settlement violations by Wells Fargo and Bank of America.

CFPB Goes After Homebuilder for Illegal Referrals

The Consumer Financial Protection Bureau has taken an enforcement action against a Dallas builder who allegedly referred customers to local mortgage lenders and received illegal kickbacks.

GOP Senator Questions CFPB’s Right to Collect Consumer Data

Republican senators are becoming suspicious of the huge amount of consumer data the Consumer Financial Protection Bureau is buying and collecting.

Poster Warns Grapevine Is Under Investigation

The Mortgage Grapevine is a place where people can comment, not just about what is happening in the lending business, but on many other topics, including politics and government.

Wells, Citi Halt Most Foreclosure Sales as OCC Ratchets Up Scrutiny

The Politics Behind the Senate's Vote on Richard Cordray: FAQ

Pending CFPB Mortgage Rules Forcing Changes

Fed Official Urges Bond Buying Cuts to Avoid Market Disruption

Lender: More USDA Loans Could Be Done

Popular Softens a Blow from Loan Sales

Richard Cordray: Good Loans Aren’t Necessarily QM Loans

From Our Blogs

Compliance Automation Strategy Still Can Help Differentiate Volumes

Laggards in adopting compliance technology can take a long time to get up to speed.

Origination

Technology

The abrupt slowdown came in response to the OCC's April release of minimum standards for foreclosure sales. Image: Fotolia.

Wells, Citi Halt Most Foreclosure Sales Amid OCC Review

Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency.

REO

Risk Management

Brian Fitzpatrick says manufacturing quality is key and should be upfront. Image: Arnold Adler.

GSE Reform Is Closer, But Still a Ways Away

The combination of government-sponsored enterprise platforms remains more a concept than a reality.

Document Systems Inc. CEO Dominic Iannitti

New Disclosure Requirement Opens Door to Improve Closing Process

New compliance requirements don’t typically inspire the most innovative technology enhancements in the mortgage industry. But the upcoming overhaul of borrower disclosure forms has created an opportunity to re-engineer the way lenders and title companies execute mortgage closings, according to Document Systems Inc. CEO Dominic Iannitti.

Technology

Origination

Eric Schneiderman may face an opponent more intractable than the average corporate lawyer; it's the terms of the original settlement themselves. Image: Bloomberg News.

New York AG Faces Tough Task in Suing Servicers

New York Attorney General Eric Schneiderman announced on May 7 plans to sue Bank of America and Wells Fargo for allegedly violating their obligations under the national mortgage servicing settlement.

Servicing

Risk Management

Technology provider ISGN recently launched two new products that helps make sure servicers and lenders are following industry guidelines. Image: Fotolia

Products Help Servicers Maintain Regulatory Compliance

As servicers try to comply with all of the new industry regulations being issued today, ISGN is doing their part in helping companies maintain compliance to these regulatory requirements.

REO

Technology