Compliance & Regulation

In this roundtable held at the Regional Conference of Mortgage Bankers Associations in Atlantic City, N.J., the hot topic of the day was the new rules of the road coming out of Washington.

The Financial Services Roundtable is calling on the Senate to confirm Consumer Financial Protection Bureau director Richard Cordray along with enacting structural reforms to the bureau that are favored by Republican senators.

Expecting the same employees who have been doing refis the past two years to start doing purchase mortgages well may be unrealistic.

Lenders said they see GSE reform as a way to give the large banks control of the securitization market.

Real estate appraisal services provider IRR-Residential, in the wake of a restructuring and spin-off from Integra Realty Resources, has changed its name to Accurity Valuation.

A growing scarcity of well-located finished lots for builders could temporarily put a damper on new home construction momentum, according to a Fitch report.

Under the three-year mortgage initiative, borrowers can receive an equity loan of up to 20% of the value of a new home, which is payable once the home is sold.

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

Outsourcing firm Indecomm Global Services has launched new foreclosure assignment services for use in the creation, execution, recording and tracking of foreclosure assignments as well as the verification of the title on the property.

Multiple bankruptcies suffered by various developers who have tried to fashion something out of the Ritter Ranch property over the years have resulted in an incomplete infrastructure and a long list of bond default notices.