Disparate Impact Decision Could Undermine States
The U.S. Supreme Court is scheduled to hear oral arguments this week in a disparate impact case out of the Lone Star State.
Supreme Court Rules on Mortgage Rescissions
A decision in favor of lenders on how long borrowers have to rescind a loan has been overturned by the nation's high court.
CFPB Releases Mortgage Rate Comparison Tool
A new rate comparison tool from the Consumer Financial Protection Bureau is intended to help borrowers who rely too much on a single lender and don't comparison shop enough.
Service Providers Address Integrated Disclosures
With just months to go before U.S. home lenders will need to implement new integrated disclosures, mortgage servicer providers are busy developing solutions to help them.
Improved Reviews, CU Addressed by Appraiser Firms
The latest innovations in the appraisal industry are intended to improve the appraisal review process and address the new Collateral Underwriter system. An appraisal management company out of New York is reporting brisk growth.
Titan Lenders Exiting Retail Fulfillment Space
A company that enables mortgage originators to outsource production functions has decided to no longer offer the service for the retail channel. Increased compliance risks impacted the decision.
Dramatic Shift Ahead for Appraisal Underwriting
A new technology being implemented on conventional agency loans is expected to have a major impact on the underwriting of appraisal reports.