Minneapolis-based ComplianceEase has released RegulatorConnect and RegulatorDirect, which the company says will enable state-regulated mortgage lenders and banking institutions to plug into an automated regulatory examination process. RegulatorConnect links institutions with state regulators through electronic data transfer, while RegulatorDirect enables lenders to electronically deliver compliance audit reports to regulators with a single click. At the heart of the new process is ComplianceAnalyzer, which was selected by the Conference of State Bank Supervisors to provide baseline as well as customized state agency-specific audits as the examination automation component of the Model Examination Guidelines initiative. The company can be found on the Web at http://www.complianceease.com.
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Experts have some tips for how to best employ strategies that can minimize the damage from changes in the market.
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Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
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Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.
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It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
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The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
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While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
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