BancorpSouth Settles Redlining Allegations
A settlement has been reached between the government and Bancorp South Inc.'s banking subsidiary over allegations of discrimination and redlining.
Mortgage Complaints Dip
A small month-over-month decline was recorded for mortgage complaints even though overall financial services complaints rose.
LOS Enhancements Address TRID, HECMs
Reverse mortgage originations and compliance with TILA-RESPA integrated disclosures will be easier as a result of recent enhancements to, and integrations with, loan origination systems.
Ocwen Settles False Claims Allegations
Ocwen Financial Corp. has settled charges that it violated the False Claims Act on government-insured lending and loan modifications.
Trade Groups Oppose Language Option on URLA App
Financial industry trade groups are questioning the regulator of Fannie Mae and Freddie Mac about potentially adding a language preference to the loan application.
Bank Settles Discrimination Charges on AUS Denials
First-Citizens Bank & Trust Company has settled charges that manually underwritten white borrowers were denied less for mortgages than their non-white counterparts.
3 Portfolios for Sale Include TRID Kickbacks
Three potential deals have come on the secondary market for investors to pick up TRID kickbacks, agency loans and jumbo mortgages.
Mortgage Regulations Updated Online
The Consumer Financial Protection Bureau has updated its digital platform with information on three mortgage-related regulations.
Mortgage Conference Bonanza
Several state mortgage associations are holding mortgage conferences, as is a major mortgage technology provider. In addition, loan originators are at an event in Las Vegas this week.
Mixed Reviews for TRID
Although residential loans take longer to close and cost more to process following the implementation of TRID, mortgage borrowers feel more informed about home financing.