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Federal Agencies Issue Model Privacy Form
Federal regulators today published a model privacy disclosure for use by financial institutions.
Fed Approves Servicing Transfer Rule
The Federal Reserve has approved a rule that requires disclosures when a mortgage is sold or transferred.
Firms Make Broker Compliance With HVCC Easier
As mortgage brokers continue to battle the Home Valuation Code of Conduct, one firm is addressing a concern by brokers about not being able to transfer appraisals. Another firm is providing a solution to communication between originators and appraisers.
FHA Appraisal Update
Technology firms and appraisal management companies are ready for upcoming changes to Federal Housing Administration appraisal requirements. In addition, the government reminded FHA mortgagees and appraisers about its existing policies.
RESPA Rule Regulatory Reprieve
Mortgage lenders will get a break during the first few months after a new Real Estate Settlement Procedures Act rule takes effect.
American Home v. Ohio AG v. American Home
American Home Mortgage Servicing Inc. and Ohio Attorney General Richard Cordray are suing each other allegations of poor servicing practices.
BoA Expands Use of Voluntary Disclosure
Bank of America Home Loans has expanded the use of a voluntary one-page disclosure beyond just first mortgage transactions.
Red Flags Rule Delayed
Implementation of the Red Flags Rule has been delayed again.
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