Regulations in the housing market are not only an added responsibility for mortgage companies, but it seems that compliance costs are spilling over into American households.
Read More »OCC Considers New Innovation in the Banking System
The financial industry has been buzzing about the possibility of a national bank charter for non-bank financial technology companies even though such a charter has not been issued since the financial crisis.
Read More »The Big Catch to Those Low Mortgage Rates
Although home prices are continuing their upward climb, mortgage rates continue to hover around three-year lows, but what's the catch to those low rates?
Read More »3 Priorities for Banks This Year
Here are the key objectives and priorities that banks need to focus on for the remainder of the year, according to the OCC.
Read More »Investors: How to Choose the Right SFR Market
Positive data indicators in the growing single-family rental (SFR) market signal ample opportunities for investors to profit and flourish in this space. Which markets provide the most opportunity for SFR investors?
Read More »Castro Dispels Myth About Millennials and Homeownership
The reason many members of the younger generation are slow to become homeowners is not because they don't want to, according to the HUD Secretary.
Read More »Open Mortgage, LendingQB, & IDS Implement TRID-Compliant LOS in 50 Days
Open Mortgage, a nationwide mortgage lender, and partners LendingQB, and International Document Services (IDS), Inc., successfully implemented a TRID-compliant Loan Origination System (LOS) in just 50 days, exceeding their own projections.
Read More »Quicken CEO Won’t Budge on DOJ Mortgage Allegations
Quicken Loans, the largest Federal Housing Administration lender in the country, is standing its ground in a government lawsuit for allegedly knowingly submitting claims for hundreds of improperly underwritten FHA-insured loans.
Read More »Mortgage Write-Offs Hit a 9-Year Low
In the first quarter of 2016, consumers appear to be demonstrating strong repayment practices, while taking advantage of continued low-rate environment, according to data from the April 2016 Equifax National Consumer Credit Trends Report.
Read More »Does This Advocacy Group Have the TRID Answer?
Moody's Investor's Service gave a seal of approval for the Structured Finance Industry Group's TRID compliance proposal, noting that it is adequate to address compliance risks that are likely to cause losses to residential mortgage-backed securitization (RMBS) trusts despite uncertainties.
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