Top 20 Mortgage Lender Reports No Delays from TRID
A home lender that ranks among the 20-biggest mortgage originators in the nation has reported no delays to its digital home loans as a result of integrated disclosures.
License Exam Cheating Costs New Day NY License
A scheme to cheat on license exams has cost New Day Financial LLC it's license to do business in New York. The action follows a multi-state settlement.
Appraisal Fees Lead to Multi-State Settlement
Prospect Mortgage LLC has agreed to a settlement with state mortgage regulators. At issue are fees charged to borrowers by an appraisal affiliate.
House Passes QM Legislation
The House has passed legislation that would give financial institutions a break on Qualified Mortgage rule requirements -- though a presidential veto is likely.
Over 2 Dozen Mortgage-Related Events Next 90 Days
More than two dozen mortgage-related events take place during the next three months. Among the topics to be covered are compliance, warehouse lending and servicing. Social media, mortgage technology and banking are also on the agenda.
Real Estate Agents Report TRID Closing Delays
One out of every five home purchases are being impacted as a result of new requirements from the Integrated Disclosure Rule, a survey of buyer real estate agents suggests.
BofA, Nationstar Sued Over Zero-Balance 2nd
A federal lawsuit against Bank of America Corp. and Nationstar Mortgage LLC alleges attempts to collect a second mortgage with no balance.
VA Updates Mortgage Policies for Same-Sex Couples
The Department of Veterans Affairs has revised its policies for processing and underwriting loan applications for same-sex married couples.
Banks Advised About TRID Examinations
Chief executives and compliance officers of small- to mid-sized banks have been advised about what to expect in integrated disclosure rule compliance examinations.
Non-QM Demand Weakens at Banks
A survey of lending officers at the nation's banks suggests that demand for loans which don't meet the Qualified Mortgage Rule standards weakened over the past three months.