|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.
BancorpSouth Settles Redlining Allegations
A settlement has been reached between the government and Bancorp South Inc.'s banking subsidiary over allegations of discrimination and redlining.
Mortgage Complaints Dip
A small month-over-month decline was recorded for mortgage complaints even though overall financial services complaints rose.
LOS Enhancements Address TRID, HECMs
Reverse mortgage originations and compliance with TILA-RESPA integrated disclosures will be easier as a result of recent enhancements to, and integrations with, loan origination systems.
Ocwen Settles False Claims Allegations
Ocwen Financial Corp. has settled charges that it violated the False Claims Act on government-insured lending and loan modifications.
Trade Groups Oppose Language Option on URLA App
Financial industry trade groups are questioning the regulator of Fannie Mae and Freddie Mac about potentially adding a language preference to the loan application.