Ginnie to Cover Updates at Online Event
Issuers of mortgage-backed securities guaranteed by the Government National Mortgage Association will have a chance to learn about program updates at an upcoming online event.

The multimedia event will include a conference call and a live online presentation through personal computers.

Ginnie Mae issuers will be updated on programs during the December outreach call.
read story

Clarification on LO Comp Has Lenders Scrambling
A concept introduced at a Federal Reserve Webinar on the loan officer compensation rule has lenders rushing to comply with next month's deadline. The Fed also addressed yield spread premiums, clarified compensation to mortgage brokers with multiple locations and offered an alternative to borrower-paid fees.

Mortgage Compliance Update
Several resources have been made available to help mortgage firms comply with complex new regulations and legislation. The media are available in multiple formats including Webinars, audio conferences and white papers. Traditional service providers are also touting their solutions.

Mortgage Bankers Traveling to Atlanta The mortgage industry's premier annual conference kicks off in two weeks in Atlanta. Another upcoming industry event includes a Webinar about foreclosure affidavit crisis.

LO Compensation Gets Complicated
A number of issues have arisen as a result of a new government opinion on mortgage originator overtime -- including the overtime rate for super-producing originators. A Webinar on the subject provided insight into employer liability and offered some advice about dealing with potential overtime litigation.

Complying With FHA Appraisal Requirements
A recent event about new appraisal requirements at the Federal Housing Administration covered several issues including the meaning of reasonable and customary fees. The event's panelists included an appraiser for the U.S. Department of Housing and Urban Development and representatives from two appraisal trade groups.

AMCs Versus In-House
An appraiser for the U.S. Department of Housing and Urban Development, a trade group representing appraisers and another trade group representing appraisal management companies recently weighed in about the merits of using AMCs, appraisal management technology and in-house appraisal management.

Reverse Requirements Revised
Proposed reverse mortgage requirements at financial institutions wouldn't apply to proprietary products. Reverse program updates were announced for Federal Housing Administration loans and for servicers of Federal National Mortgage Association loans, while a trade group hosted a Webinar about reverse mortgage advertising.

HUD Holding Free RESPA Rule Webinars
Mortgage lenders unsure about how to handle upcoming changes under the new Real Estate Settlement Procedures Act rule can participate in a series of online events hosted by the U.S. Department of Housing and Urban Development.

FHA Appraisal Webinar Planned for Jan. 20
A Webinar on changes to the Federal Housing Administration's appraisal process has been planned for Jan. 20, 2010. Panelists include officials from the Appraisal Institute, the U.S. Department of Housing and Urban Development and an appraisal management company trade group.