The legal/regulatory playing field between nonbank and bank originators has been leveled, according to Ruth Dillingham, an attorney working for a division of First American Title Insurance Co.Ms. Dillingham told attendees at the New England Mortgage Banking Conference that today's market is one where both banks and brokers face largely the same legal and regulatory restrictions. Among the changes that nonbank players must now adjust to are stricter requirements about having a buyer for loans before they can take certain actions, she said.
Processing Content
