LOS Updates, Enhancements Announced
Three origination channels will benefit from recent loan origination system updates, as will reverse mortgage originators and home-equity lenders. Other LOS changes will enhance compliance.
Nearly 70 Mortgage Events Scheduled Through October
From August through October, there are nearly 70 mortgage-related events on the calendar -- including a servicing conference, a technology event and regulatory workshops.
Proposed Guidance for 3rd-Party Lending at Banks
Stakeholders will now have more time to comment on proposed guidance for third-party lending at the nation's financial institutions.
Mortgage Servicing Rules Amended
Changes have been finalized on the mortgage servicing rules that provides more borrower protections on foreclosures and expands protections beyond the original borrowers.
CRE Credit Stds Tighten as Residential Demand Up
Banks that make commercial real estate loans are reporting that credit standards have recently tightened. Meanwhile, demand for residential loans has risen across the board.
Updates to TRID Rule Proposed
Proposed changes to the TILA-RESPA integrated disclosures rule was welcomed by financial services associations, though three groups still have concerns.
HELOC Discrimination Settlement at Citizens Bank
A financial institution out of the East has agreed to settle allegations that it discriminated against a woman who was on maternity leave.
Mortgage Complaints Fall From Year Earlier
As complaints by U.S. consumers about all types of financial services rose over the past year, the number of mortgage complaints has diminished.
CFPB Outlines Mortgage Compliance Errors
Mortgage originator practices at some regulated entities have resulted in actions by the Consumer Financial Protection Bureau.
Ginnie, Mortgage Regulators Hosting Events
Three mortgage service providers are planning conventions for their users, while mortgage regulators and the Government National Mortgage Association are hosting events.