Compliance

Richard Cordray, the Consumer Financial Protection Bureau's normally unflappable director, reacted angrily Tuesday to suggestions by lawmakers that he and his agency do not care about borrowers who purchase manufactured housing.

Many are automating initial disclosures and using technology to standardize companies' takes on compliance until industrywide standards evolve. Interest in electronically archiving the rationale behind data changes also is growing.

James Webb promised investors "quick, large and safe financial gains" by investing money with him to purchase, renovate and resell properties to first-time homebuyers for approximately $65,000 each.

Sales of bonds tied to commercial property loans doubled to $80 billion last year, and are poised to reach $100 billion this year.

The criminal and civil investigation arose in late 2011 when the investment bank terminated a mortgage-backed securities trader who was indicted in January of last year.

The government-sponsored enterprise is keeping a running list of appraisers that it views as shady and is warning banks and mortgage lenders to be careful about doing business with them.

The Dallas center provides a U.S. presence for SLK’s mortgage and title insurance services and serves as a business continuity option for operations managed from India.

The global and national economy, a spooked stock market, Federal Reserve activity and unemployment are a few issues that could determine whether investors continue buying housing units.

The Denver-based commercial real estate firm also is receiving an equity investment from Soundview.

The provision includes about $3.5 billion for lawsuits and fines tied mostly to the sale of $91 billion of mortgage-backed securities from 2005 to 2007.

Family wealth differences are having a more pronounced effect on consumer behavior as home prices increase, according to the Consumer Federation of America. And it does not look promising for homeownership hopefuls.

Some loan officer compensation plans are legal on a standalone basis, but their less-than-complete explanations in solicitations could draw the attention of regulators like the Consumer Financial Protection Bureau.

Interactive Mortgage Advisors is exclusively brokering the mortgage servicing rights, which have a wide geographic dispersion outside of a less than 19% Texas concentration and less than 10% California concentration.

The consumer must purchase the flood coverage in combination with homeowners insurance. The company lays claim to being the first admitted carrier in the state to offer such coverage post-Biggert-Waters.

Some products are being revised while others are seeing greater interest as lenders look to remain under the 3% fee cap.

The case involved a lender leasing space in a bank office with the rental fee allegedly based on loan production.

The complexity of regulations and the potential for updates or new guidelines renders static documents inefficient and inflexible.

The Rate Reset Protection option enables eligible borrowers to reset and lock-in a lower rate on a conforming, jumbo and super jumbo five-year adjustable-rate mortgage up to five times during the life of the loan.

A continuing stumbling block is that Fannie Mae and Freddie Mac are unhappy about having their liens on properties subordinate to PACE loans, a DBRS executive said at ABS West.