Red Flags Rule Delayed
Implementation of the Red Flags Rule has been delayed again.

LOS Alliances and Integrations
Several developers of loan origination systems have enhanced their offerings through alliances, partnerships and the integration of other services. Among added features are loan product and pricing searches, mortgage compliance and appraisal ordering.

M.I. Class Action Continues Against Countrywide
An appeals court has reportedly overturned a decision to dismiss a class action against Countrywide Financial Corp., leaving the formerly independent company -- and possibly some of its competitors -- facing further litigation. At issue are alleged violations of the Real Estate Settlement Procedures Act that are tied to mortgage insurance.

Complying With FHA
Whether it is the Federal Housing Administration's new appraisal requirements, the FHA TOTAL Scorecard or FHA's systems -- several service providers promise to help lenders remain plugged in and compliant.

RESPA Rule Threatens Mortgage Brokers
Efforts by several financial trade groups to address problems with the new Real Estate Settlement Procedures Act rule and delay its implementation were dismissed by the U.S. Department of Housing and Urban Development. They claim that one of the issues at hand threatens to shut down the mortgage broker origination channel. Now, an expanded group is appealing to Congress.

RESPA Rule Still Unclear
Despite efforts to clarify the new rule under the Real Estate Settlement Procedures Act, some issues are still unresolved. But the issue of prepayment penalties on government-insured loans has been addressed.

Mortgage Education Dominated by NMLS
A host of education firms are rushing in to help loan originators meet new federal licensing requirements. Other available education resources for those in the mortgage industry include training on green lending, government underwriting and mortgage compliance.

Help for Compliance
Several recent offerings aim to ease compliance with constantly changing regulations. One involves company manuals, and another involves a series of Webinars.