New Tools Ready for Integrated Disclosure Rule
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
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.
Ellie Mae Publishing FHA Handbooks
Handbooks that are being implemented by the Federal Housing Administration will be published by Ellie Mae Inc.
Over-Regulation a Big Concern for MBA Chief
Attendees at a secondary mortgage market conference were told by the head of the Mortgage Bankers Association that regulation is holding back housing.
Government Objects to Quicken Home Town Court Venue
The U.S. government is objecting to Quicken Loans Inc.'s attempt to establish the court venue in a legal wrangling between the Department of Justice and the online lender.
TRID Could Stall Some Bank Mortgage Products
More than a fifth of bankers recently surveyed indicated that they will back away from certain mortgage products if their vendors' systems aren't prepared for the integrated disclosure deadline.
Complaint Accuses Fannie of Discrimination
A complaint filed against the Federal National Mortgage Association by multiple fair housing groups accuses the government-controlled enterprise of discrimination.
CFPB Director Discusses TRID
The chief of the Consumer Financial Protection Bureau told real estate agents and broker to be prepared for the upcoming implementation of integrated disclosures.
Avoid Discrimination on Section 8 Applicants
Mortgage firms are being advised about how to avoid charges of discrimination by recipients of public housing assistance-- providing an opportunity to avoid missteps of the past.