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.
Report Minimizes Student Loan Impact on Housing
A new report shows that college graduates can afford a home in most housing markets despite their student loans.
Resources Help Lenders With Mortgage Compliance
From toolkits to templates, a handful of mortgage service providers offer products aimed at helping lenders keep current on regulatory rules already in effect or slated for nearing implementation dates. As well, some service providers feature free information hubs aimed at helping mortgage professionals with their workflow while staying compliance savvy.
Guide Helps Mortgage Firms Evaluate if Ready for Rules
An updated guide is intended to help lenders, servicers and financial institutions determine whether they are prepared for a host of new mortgage rules.
Career Opportunity for Unemployed LOs
Loan originators that have recently been displaced as a result of declining refinance production could find success in another sector of the mortgage industry.
Dodd Frank Compliance Guide
A new guide aims to help mortgage lenders comply with an array of new rules emanating from the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Uniform State Licensing Tests in Effect
Mortgage loan originators in 20 states won't necessarily need to take multiple state licensing tests when obtaining multiple state licenses as a result of a new uniform test.
Uniform SAFE Test for LOs Ahead
A national uniform test for loan originators to meet the requirements of the Secure and Fair Enforcement for Mortgage Licensing Act will replace state-specific tests required in two dozen states.
NMLS Deadline Fast Approaching
Time is quickly running out for loan originators to meet the renewal requirements for the Nationwide Mortgage Licensing System.
Offerings Target Distressed Loans
Mortgage servicers wading through a sea of distressed loans are being courted by default service providers that promise to assist with foreclosure documentation, property preservation and other aspects of servicing delinquent mortgages. Some of the offerings help mortgage firms manage the multitude of vendors involved in distressed servicing. One of the services targets vendor education, while another focuses on compliance with Federal Housing Administration requirements.