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A thorough, complete, integrated quality control / risk management program consists of three components: pre-funding quality control/fraud prevention; post funding quality control; and quality control using a targeted sample.
November 19
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Fannie is seeking to require banks and other mortgage servicers to replace existing force-placed policies on loans it guarantees with insurance provided by a consortium of carriers offering 30% to 40% discounts.
November 19
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The CFPB is open about what it looks for when it examines mortgage firms.
November 19
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Wells Fargo has temporarily halted loan reviews until it receives guidance from the Federal Emergency Management Agency.
November 19 -
No, FHA isn't broke, not yet at least, but it may need to delay writing some claim checks to avoid tapping Uncle Sam.
November 16
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The Consumer Financial Protection Bureau said it will give residential lenders extra time to provide certain new disclosures required under the Dodd-Frank Act.
November 16 -
As a result of the housing crisis, mortgage originators have been stuck with a very limited set of products to offer their clients.
November 16
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Not only is FHA hiking premiums, but it will prevent all new mortgagors (going forward) to cancel their MI policy even if the loan-to-value ratio improves during the life of the loan.
November 16 -
Now that President Obama has been re-elected, current Treasury secretary Tim Geithner is expected to step down.
November 16
