United Wholesale Parent Reaches FHA Settlement
The parent of United Wholesale Mortgage has agreed to settle allegations that it pressured and compensated underwriters to approve government-insured mortgages.
Mortgage Complaints Down From Year Ago
Despite a year-over-year increase in average monthly financial services complaints, there was a decrease in mortgage complaints.
HUD Eases DE Test Phase Process
The process of obtaining direct endorsement authority from the Federal Housing Administration has been made a little easier.
Appraisal Regulations, Compliance and Updates
As appraisers urge the nation's lawmakers to reduce the amount of regulations appraisers are subject to, service providers are helping lenders maintain their own compliance.
Reverse Mortgage Firms Agree to Settlements
A trio of reverse mortgage companies has agreed to settle allegations that they misled prospective borrowers with deceptive advertising.
Mortgage Events Taking Place on East Coast
Several mortgage-related events being held over the next few months on the East Coast will cover mortgage-backed securities, compliance and regulation-related topics.
Alt-Documentation Loans at Greater Risk of Fraud
A new report says that residential loans which are underwritten using alternative documentation are more susceptible to fraud.
Mortgage Complaints Diminish Despite Overall Rise
Even though the volume of complaints filed against financial services providers has risen from a year ago, mortgage complaint volume was down.
CFPB Seeks Rehearing in PHH Lawsuit
The Consumer Financial Protection Bureau is challenging an appeals court ruling in a lawsuit filed by PHH Mortgage Corp. that would enable the president to fire the agency's director.
Full Repeal of Dodd-Frank Unlikely
While changes are likely to the Dodd-Frank Wall Street Reform and Consumer Protection Act under a Donald J. Trump administration, a full repeal is unlikely.