Help Arrives as Integrated Disclosure Deadline Nears
As the implementation deadline approaches for the integrated disclosure rule, a request has been made by the title industry for a transitional period. Meanwhile, solutions providers continue offering resource and product services aimed at helping maintain compliance.
CFPB Report IDs Mortgage Compliance Violations
A report from the Consumer Financial Protection Bureau identified several areas where mortgage firms are violating rules, regulations and laws.
LO Talks About Radical Changes in Mortgage Lending
Greg Bridgman found himself having to support two families, leading him to give up his full-time vocation as a pastor and move into mortgage banking.
Appraisal Services Address Collateral Underwriter
Compliance with Collateral Underwriter is among several valuation solutions recently addressed through technology upgrades and company-to-company data integrations.
Videos Help With CFPB Mortgage Rules Compliance
A set of videos are intended to help mortgage lenders and servicers comply with three key mortgage rules issued by the Consumer Financial Protection Bureau.
Regulatory Actions Taken Against 3 Lenders
Allegations of false advertising through marketing pieces that appeared to be government-affiliated have landed three separate mortgage banking firms in hot water with federal regulators.
CFPB Coming Down on Reverse Mortgage Lending
The regulator in charge of overseeing the nation's financial services has released a report highlighting borrowers' frustration with reverse mortgages and issued an order against a reverse lender.
NY Issues Consent Order Against Wells Fargo
The banking subsidiary of Wells Fargo & Co. has been penalized for issuing credit cards linked to equity on New York properties.
Ability to Repay Rule Reduces Mortgage Fraud
Home lenders are facing less risk of mortgage fraud, and one factor contributing to the improvement is the Ability to Repay Rule.