Alt-Documentation Loans at Greater Risk of Fraud
A new report says that residential loans which are underwritten using alternative documentation are more susceptible to fraud.
Mortgage Complaints Diminish Despite Overall Rise
Even though the volume of complaints filed against financial services providers has risen from a year ago, mortgage complaint volume was down.
CFPB Seeks Rehearing in PHH Lawsuit
The Consumer Financial Protection Bureau is challenging an appeals court ruling in a lawsuit filed by PHH Mortgage Corp. that would enable the president to fire the agency's director.
Full Repeal of Dodd-Frank Unlikely
While changes are likely to the Dodd-Frank Wall Street Reform and Consumer Protection Act under a Donald J. Trump administration, a full repeal is unlikely.
Trump and Dodd-Frank
The election of Donald J. Trump as president of the United States could have a huge impact on the regulation of financial services and the mortgage industry.
PrimeLending Settles Allegations of Overcharges
PrimeLending has agreed to settle allegations that it overcharged interest to hundreds of California borrowers on new home loans they took out.
PHH Settles Alleged Servicing, Origination Abuses
Allegations that PHH Mortgage Corp. has been deficient in its mortgage origination and servicing practices in New York have been been settled.
CRE Standards Tighter as Residential Demand Up
Banks are reporting that lending standards on commercial real estate loans have recently been more restrictive. On the residential lending side, demand is on the increase.
Mortgage Firms Warned About HMDA Noncompliance
Dozens of mortgage bankers and mortgage brokers have been warned that they might not be in compliance with Home Mortgage Disclosure Act of 1975 requirements.
CFPB Chief: TRID Wasn't So Bad
Integrated mortgage disclosures that went into effect last year caused much anxiety for the industry at the time. But the head of the Consumer Financial Bureau says things are moving along smoothly now.