Mortgage Firms Warned About HMDA Noncompliance
Dozens of mortgage bankers and mortgage brokers have been warned that they might not be in compliance with Home Mortgage Disclosure Act of 1975 requirements.
CFPB Chief: TRID Wasn't So Bad
Integrated mortgage disclosures that went into effect last year caused much anxiety for the industry at the time. But the head of the Consumer Financial Bureau says things are moving along smoothly now.
Mortgage Complaints Defy Overall Complaints
The average volume of mortgage complaints has fallen from a year ago versus a rise in overall complaints, though there's recently been a flip flop.
2nd FHA Settlement for MA Mortgage Banker
For the second time in five years, a Massachusetts mortgage banker has agreed to settle allegations that it didn't follow Federal Housing Administration guidelines.
Implications of PHH v. CFPB Decision
The attorney who represented PHH Corp. in its lawsuit against the Consumer Financial Protection Bureau talked about the implications from last week's appellate court decision.
Mortgage-Related Conventions Happening
Although one mortgage conference was canceled due to the recent hurricane, another is set to start next week. Several events are targeting banking executives.
Mortgage Industry Wins Huge Legal Battle With CFPB
A federal appeals court has ruled in favor of PHH Corp. in an action challenging a Consumer Financial Protection Bureau order and its structure.
FHA False Claims Settlements for UT Mortgage Firms
A pair of Utah mortgage firms have agreed to settle for nearly $10 million allegations they violated the False Claims Act on government-insured loans.
Bigger Drop in Fraud Risk on Gov Apps than Conv
Last month, potential fraud on new residential loan applications was no different than in July. A decline in risk on conventional applications was exceeded by the decline on government transactions.
Web-Based Solutions for Mortgage Compliance
Web-based services have been launched and improved to help mortgage companies comply with a host of regulations. Meanwhile, one mortgage service provider has partnered with another to help home lenders survive an examination.