Regulation and compliance
Regulation and compliance
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The House is slated to vote on a host of regulatory relief bills next week when Congress returns from its spring break.
April 9 -
Mortgage lender RMK Financial Corp. is facing a $250,000 fine by the Consumer Financial Protection Bureau on grounds that it used deceptive advertising.
April 9 -
In less than four months, mortgage providers across the nation must be ready to meet new disclosure requirements.
April 9 -
At #MBATech15 in Orlando, #TRID was on the tip of everyone's tongues. But other conversations also took place, centering largely on how technology adoption can make up for lost time and what future IT infrastructures will look like.
April 9 -
The Texas Department of Housing and Community Affairs awarded contracts to Matt Martin Real Estate Management and Waterman Steele Real Estate Advisors to help the state agency handle its real estate portfolio.
April 8 -
Congress should take the interests of small and midsized mortgage lenders into account as it weighs regulatory reform for community banks. Exempting smaller lenders from random CFPB audits would be a good start.
April 8 -
Burlingame, Calif.-based mortgage compliance service ComplianceEase has acquired Mortgage Banking Systems of McLean, Va.
April 8 -
The shift in market composition is fueling concerns that if defaults rise, the Federal Housing Administration would have a harder time making lenders eat the losses on poorly underwritten loans.
April 6 -
Holders of servicing rights will soon demand more than the basics from these third-party providers. Subservicers may be expected to help promote an institution's nonmortgage products or provide portfolio analytics.
April 6 -
Chase has provided more than $2.2 billion of the $4 billion it owes in consumer relief credit, according to the monitor of JPMorgan Chase's settlement.
April 2 -
The mortgage and title industries are creating training programs to teach those in the home sales process this is not just a swapping out of two forms for new ones.
April 2 -
The red pens have come out as members of the real estate industry start to critique the Consumer Financial Protection Bureau's new mortgage shopping toolkit less than a day after its release.
April 2 -
The chance to earn higher compensation and the ability to offer more mortgage products is causing a growing number of loan officers to go out on their own.
April 2 -
All areas identified by the CFPB in its supervisory report have particular relevance to the mortgage industry, and lenders should review their compliance with the large-scale subject matter areas that the CFPB is committed to enforcing.
April 2 -
The bill would require written contract amendments, signed by the lender, for most loans. Legislators took up the issue after a judge in the state sided with a borrower's claim of having an oral agreement from Bank of America to modify a mortgage.
April 1 -
Wells Fargo's quality-control procedures will play a key role in a closely watched mortgage-fraud case that could go to trial this summer. Federal prosecutors are using the bank's internal reports to allege its executives knew about deficient loans.
April 1 -
Ahead of the August deadline for lenders to provide new Loan Estimate and Closing Disclosure forms, the Consumer Financial Protection Bureau unveiled a new mortgage shopping toolkit Tuesday.
April 1 -
HSBC Holdings defeated New York's lawsuit alleging its paperwork delays put property owners in foreclosure at an increased risk of losing their homes.
April 1 -
The mortgage application and closing process is once again facing an overhaul. The Consumer Financial Protection Bureau will soon require lenders to provide customers with integrated disclosure forms, which aim to clarify costs associated with real estate transactions. As with any new process, the switch poses a number of challenges for lenders — and could even put business at risk during implementation. Here are five pitfalls to look out for in the process.
April 1 -
The technology, still in its early development stages, will analyze Home Mortgage Disclosure Act files prior to formal submission to the regulator so lenders can spot and fix errors faster.
March 31










