Compliance & Regulation

In Origination News’ discussion with the officers of the Florida Association of Mortgage Professionals at its annual convention in Tampa, national housing correspondent Lew Sichelman asked how the changes to federal law have impacted the state’s education requirements and how conditions are in the various markets that make up this very diverse state.

The latest draft of the CFPB's origination disclosure reform rule is drawing mixed reviews, with some saying the simplification is helpful and others that it adds to an already heavy regulatory burdens.

Lender Processing Services has reached a settlement with the Missouri attorney general, dismissing criminal charges that were pending against its now-defunct subsidiary DocX.

President Obama disagrees with the Federal Housing Finance Agency's refusal to allow principal reductions on mortgages but can do little to stop it.

One of the biggest compliance and litigation risks for lenders involves the performance of branch managers.

U.S. regulators said they will be giving homeowners who believe they may have been wrongfully foreclosed upon more time to get an independent review.

On July 25, U.S. District Judge Paul G. Rosenblatt sentenced Clint Bryson Rogers of Scottsdale to five years in federal prison for his role in a mortgage fraud conspiracy. Rogers pleaded guilty on Jan. 18 to conspiracy to commit the crimes of false loan application, wire fraud and money laundering.

Lenders that shift to a retained servicing model must make significant modifications to their technology and processes.

CitiMortgage will be the second correspondent mortgage investor to use a technology and services offering from Ellie Mae that provides tamper-proof versions of borrower verification data on loans sold by correspondent lenders.

If you’re a flaming liberal in Congress you view the Ed DeMarco-principal-reduction controversy as follows: Fire that Republican now!