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.
Mortgage M&As Move Forward
A home lender that focuses on the Hispanic market recently received an equity injection. Two other mortgage businesses were acquired, while another is part of a bank acquisition.
Progress Made On GSE Single Security
A report was issued about the progress made on the development by the government-sponsored enterprises and their regulator of a Common Securitization Platform and single security.
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.
Mortgage Complaints Dip
A small month-over-month decline was recorded for mortgage complaints even though overall financial services complaints rose.
Events to Cover Appraisals, Non-Performing Loans
Upcoming mortgage-related conferences and events include a home valuation expo, a bank lending workshop and a symposium on re-performing and non-performing loans.
Outdated Technology Bogging Down Some Servicers
A regulatory report indicates that mortgage servicers are continuing to utilize failed technology that has harmed borrowers and violates servicing rules.
Industry Groups Call for Elimination of GSE LLPAs
Trade groups representing mortgage bankers, financial institutions and Realtors are among two dozen groups calling for the elimination of loan level price adjustments.
More Needed to Improve CFPB Working Environment
A federal government watchdog report indicates that while the Consumer Financial Protection Bureau has made progress on its working environment, even more still needs to be done.
Build Out Costs Surge on New Fannie HQ
The regulator of the Federal National Mortgage Association is being criticized for oversight of the secondary lender's planned move to a new headquarters facility.