Compliance & Regulation

Formal guidance from the Consumer Financial Protection Bureau about investors' liability for errors on the upfront Loan Estimate disclosure could go a long way toward easing secondary market anxieties about purchasing mortgages with TRID errors.

The National Association of Realtors has called on the Consumer Financial Protection Bureau to make changes to the TILA-RESPA integrated disclosures' post-consummation timelines to provide more lenders wiggle room for rectifying errors.

The Department of Housing and Urban Development has reached an agreement with First-Citizens Bank & Trust Co. in Raleigh, N.C., to settle alleged fair lending violations.

Fearing that housing finance reform has fallen off the congressional priority list, bank and housing trade groups sent a letter to Federal Housing Finance Agency Director Mel Watt on Wednesday to draw attention to the issue.

TRID wasn't as hard on the wholesale channel as was once feared, but some parties involved in the process still either do not fully understand the rule or haven't perfected their operations to handle it.

Without the Consumer Financial Protection Bureau setting specific debt collection guidelines — including what technology agencies can use — the industry will continue a practice that harms consumers: lawsuits.

With the Consumer Financial Protection Bureau expected to clarify its integrated disclosure rules in July, one question lenders look to have answered is how to remain compliant when unexpected changes come up right before a closing.

Bank of America will move its mortgage servicing back onto Black Knight Financial Services' LoanSphere MSP servicing system of record.

A bipartisan group of lawmakers is urging the Consumer Financial Protection Bureau to change how it calculates title insurance fees as part of the new integrated mortgage disclosures.

New York's State Assembly has passed legislation that seeks to address problems related to preforeclosure vacant and abandoned properties.