Loan Think

Unless we are willing to consider housing policies that reflect the economic conditions young adults in this country are actually facing, we will never solve the problems in U.S. housing markets.

Mobile has exploded on the consumer side and financial institutions are realizing that they have to make services available on these devices.

Compliance with data security requirements can be affected by the layout of your office.

An overlooked issue in the plan to reform Federal Home Loan bank membership could inadvertently jeopardize the local focus of the system by allowing insurance companies to apply for membership in any of the 12 districts.

The concept that lenders need to have systems in place to affirmatively detect and redress problems before consumers are affected is very real and lenders should ensure their systems are up to the task.

Although lenders received some good news via Freddie Mac's February U.S. Economy and Housing Market Outlook, raising the enterprise's 2015 originations forecast from $1.2 trillion to $1.3 trillion, the Aug. 1 TILA-RESPA Integrated Disclosure rule implementation deadline still looms large.

Since one out of every five households belongs to an HOA, lenders and servicers must understand the necessary rules and regulations and exercise extreme caution when processing these delinquent properties.

Mortgage sales people need to make an honest assessment of why a loan application failed to close.

Lenders must carefully ensure that all potential motivations for advice, recommendations, and referrals are provided to borrowers, as the Consumer Financial Protection Bureau has positioned itself to utilize Unfair Deceptive or Abusive Acts Practices claims as an enforcement tool.

Although the new rules address many of the issues presented by non-borrowing spouses, one of the rules' principal shortcomings is that they do not sufficiently outline the rebalancing of principal that is often required to substitute these new borrowers.