Integrated Disclosure Solutions Touted
More help has arrived for mortgage bankers to address upcoming requirements for the integrated disclosures. Technology is the primary tool being used.
Survey: 41% Of Lenders Unprepared for TRID
A survey conducted on mortgage banking technology executives found that 41 percent are not prepared for integrated disclosures.
Lender Settles Allegations of Cheating on Exams
Executives at a mortgage banking firm are accused of collecting information about test exams and passing them on to loan originators. A multi-million-dollar, multi-state settlement includes the ouster of the chief operating officer.
New HECM Rule Effective this Month
Lenders on reverse mortgages insured by the Federal Housing Administration are subject to a new rule. Some Georgia professionals weighed in on reverse mortgages and the changes.
Mortgage Bankers Make LOS Choices
Several home lenders have made recent decisions about their loan origination systems. For those who remain undecided, recent LOS enhancements could sway their decisions.
FHA Settlement at First Horizon
A settlement on government-insured mortgages at First Horizon National Corp. is similar to another such agreement by a mortgage unit it used to own.
Lender Fined for Deceptive Ads
Deceptive advertisements that violated the Truth in Lending Act and the Mortgage Acts and Practices Advertising Rule will cost a California company a quarter-million dollars.
Services Help Comply With Collateral Underwriter
Several valuation service providers have enhanced existing products or developed new ones to help appraisers cope with Collateral Underwriter.
Nearly 100 FHA Mortgagees Face HUD Actions
Nearly a hundred mortgagees faced some sort of action by the Department of Housing and Urban Development over deficiencies in their origination or servicing practices.