Loan Think

No-action letters from the Consumer Financial Protection Bureau can be an essential tool for lenders in striving to the mortgage process more consumer-friendly through inventive products and service — but lenders must seek them out.

After nearly 20 years of talk, the time for e-closings is finally here, thanks to a push from government regulators and a broad shift in acceptance across demographics.

Although many believe home prices to be impervious to inflation, they are still susceptible to speculation surrounding the Federal Reserve's rumors and decisions on monetary policy.

Appellate courts are officially playing pingpong with underwriters' employment status, leaving lenders to decide whether or not they qualify as employees exempt from minimum wage and overtime pay — and open to regulatory scrutiny.

The California Supreme Court's recent ruling that a borrower has the right to challenge a wrongful foreclosure opens the door for a tighter mortgage market while leaving key questions about future borrower lawsuits unanswered.

The sheer volume of regulations adds time and expense to closings without much benefit when consumers’ main interest is to get funds as quickly as possible.

The rise in technology use can open the door for all variations of fraud and theft, but companies can look to existing tools as models in the battle against criminal forces.

Creating a bipartisan commission to manage the Consumer Financial Protection Bureau will make the agency’s rules longer-lasting and place needed checks on the director’s authority.

Advanced technology can certainly provide process improvements, but those will reap results only if employed alongside industry fundamentals.

The Department of Housing and Urban Development's proposed addition to the Housing Choice Voucher Program represents a significant deviation from its stated mission of promoting homeownership.