Wholesaler Settles Charges of Discrimination (May 29)
One of the nation's 25-largest lenders has settled allegations that minority borrowers were charged higher rates and fees on loans originated through its wholesale lending channel.
Appraisal Services Target FHA EAD, AMC Utilization (May 22)
A new service is designed to help lenders connect to the electronic portal for government loans, while appraisal management companies are vying for business. An appraisal technology firm was acquired.
New Tools Ready for Integrated Disclosure Rule (May 22)
While the integrated disclosure rule taking effect soon, some industry associations are concerned about a smooth transition to the new system. Trade groups support legislation granting a regulatory enforcement grace period. But a handful of service providers promise to help keep lending business practices on point with compliance.
RMBS Investors Manage Risk, TRID (May 19)
Considering factors beyond credit scores and ratios can help investors forecast loan performance on residential mortgage-backed securities. What's not helping RMBS investors are new disclosure requirements.