Government

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. It’s finally here. After nearly two full years of intense discussion and preparation, the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Mortgage Disclosures rule has taken the mortgage industry by storm. Nancy Tarr, VP of national escrow operations at First American Title Insurance Corp., provides a checklist of questions that lenders should ask settlement providers while navigating this new process.

The lower-than-expected labor market gains for September brought the average monthly job growth for the year down below 200,000, which could possibly slow down the heretofore robust activity for the housing industry so far in 2015.

Small, community banks require more regulatory relief, especially those that hold mortgage originations, so what can be done to reduce this burden?

The Office of the Inspector General of HUD found that loanDepot, LLC, originated loans using ineligible downpayment assistance gifts out of HUD Federal H0using Administration requirements, according to a recent audit.

The U.S. Census Bureau reported Thursday that residential construction spending increased 0.7 percent in August to an estimated seasonally adjusted annual rate of $1,086.2 billion from the upwardly revised estimate of $1,079.1 billion in July.

Fannie Mae's gross mortgage portfolio declined at a compound annualized rate of 19.1 in August, marking the sixth time in the last seven months that the portfolio has contracted at the rate of at least 13 percent, according to Fannie Mae's August 2015 Monthly Volume Summary released Wednesday.

HUD will award $38,366,909 million to over 100 housing groups across the nation to fight housing discrimination under their Fair Housing Initiatives Program.

Credit unions are in a better position to assist underserved consumers, but a lending cap imposed on credit unions by the U.S. Treasury is keeping these institutions from better serving consumers.

The U.S. government has filed a lawsuit against five mortgage lenders and their principals, alleging that they defrauded the government and a number of banks through false Federal Housing Administration claims.

Consumer Financial Protection Bureau (CFPB) Director Richard Cordray once again sat before the House Financial Services Committee on Tuesday for the CFPB's semi-annual report to Congress and touted the Bureau's efforts to protect consumers in its four years of existence while taking questions from Committee members on such topics as mortgages, auto lending, payday lending, and the TRID rule.