ComplianceEase, San Francisco, has updated its PredatorAnalyzer product to allow mortgage originators and issuers of residential mortgage-backed securities to obtain the anti-predatory-lending loan categorization required by Standard & Poor's.Effective July 1, loans subject to certain anti-predatory-lending legislation and sold into rated securities must be categorized and identified as "home loans," "covered loans," or "high-cost loans" in the loan-level information submitted to LEVELS -- the S&P risk analysis system. ComplianceEase said it responded to this development by enhancing its PredatorAnalyzer system to automatically categorize loans according to S&P requirements. The company can be found on the Web at http://www.complianceease.com.
-
The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
4h ago -
The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
6h ago -
One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
6h ago -
There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
7h ago -
Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
9h ago -
Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
May 10