Loan Think

As malware and virus detection gets more advanced, financial firms may find their IT departments overwhelmed by the volume of “suspicious activity” alerts that have to be investigated.

Any system will help your business as long as you use and update it.

When addressing the QM rule, lenders face a key strategic consideration—whether to only make loans that meet the definition of a qualified mortgage or to also make loans falling outside the rule.

The only relief might come from a deduction for first-timers if they get housing counseling.

Over the last year to 18 months, some people have been of the opinion that REO-to-rental signifies a trade, not necessarily a long term business model.

Process improvements must be identified to help alleviate future problems tied to disruptions in the government. One achievable solution ripe for consideration would be to modernize the 4506-T order transmission and tax transcript delivery capabilities at the IRS.

The forms’ integration will be an expensive and daunting task to initially implement, but the hope is that standardization of the forms across the entire industry will normalize the process.

Dodd Frank makes clear that arbitration agreements are prohibited with consumers, but the law makes no mention whatsoever that arbitrating claims with employees is impermissible.

They are accused of offering bogus assistance to consumers in need of help in paying their loans.

Without tax dollars and revenue for governments, which no one wants to pay, things would become quite messy.