Mortgage Apps Surge Ahead of TRID Implementation
In the week leading up to the implementation of the Consumer Financial Protection Bureau's integrated disclosures, new applications for home loans surged.
Fifth Third Agrees to Big FHA Settlement
Fifth Third Bancorp has agreed to settle with the government civil fraud claims on government-insured residential loans that it originated over a 10-year period.
Last Minute TRID Preparations
The deadline is fast approaching for mortgage firms, closing agents and real estate agents to implement new integrated disclosures, and help is still available.
Cordray: Purchase Financing, Lenders Increase
In testimony before Congress today, the head of the Consumer Financial Protection said that despite new mortgage rules -- home purchase lending is growing as is the number of residential lenders and bank lenders. But other data don't necessarily support these trends.
Industry Anxious as TRID Implementation Looms
Federal disclosures that go into effect this weekend will provide consistency for mortgage borrowers. But there is not necessarily consistency in preparedness among industry players.
Conferences Focus On Mortgage Compliance
Multiple upcoming events will provide insight into mortgage compliance for home lenders, residential loan servicers and financial institutions.
Carrington Mortgage Sees Biggest Rise in Complaints
Complaints filed against mortgage companies were up, though not as much as in other financial services sectors. Carrington Holding Company LLC's mortgage unit saw the biggest increase.
Small, Rural Creditors Benefit from Final Mortgage Rule
Home lenders that have lesser assets, fewer loan originations or rural locations will benefit from rules that have been finalized.
Walter Investment Settles False Claim Allegations
Walter Investment Management Corp. has agreed to settle a whistleblower lawsuit filed by a former executive of its reverse mortgage business.
New Penn Rated as Average Originator
When it comes to jumbo and non-QM mortgage production, New Penn Financial LLC is considered to be an average originator.