Choosing a Tech-Savvy Insurance Vendor
As third-party vendors continue to be an extension of the servicer, it’s imperative that a servicer selects a lender-placed insurance vendor that operates as a partner. There are various elements [...]
JPMorgan Chase to Undergo Leadership Changes
JPMorgan Chase COO Matthew Zames will be stepping down from his role after 13 years, the bank announced on Thursday. Zames had a crucial role in guiding the bank during [...]
House Votes to Drastically Change CFPB
The Financial CHOICE Act, originally introduced on April 26, 2017 by Representative Jeb Hensarling (R-Texas), Chairman of the House Financial Service Committee, passed the House of Representatives on Wednesday. The [...]
Secretary Carson Defends HUD Budget Proposal Before Housing Subcommittee
The 2017 Housing Budget appeared in front of the U.S. House of Representatives Appropriations Subcommittee Thursday morning and was met with strong words from its members. While defending the proposal, [...]
DOJ Policy Change Could Impact Crisis Suit Payouts
A memo from Attorney General Jeff Sessions has revealed a policy change at the U.S. Department of Justice: DOJ attorneys can no longer send settlement money to community groups or [...]
Favorable Conditions For SFR Investment in Many Cities
It could be a great time to invest in rental properties, according to a recent report that measures the ratio of wealth accumulated through home equity versus the ratio of [...]
CFPB Takes Legal Action Against Mortgage Servicer for Noncompliance
The Consumer Financial Protection Bureau announced Wednesday that they found a Chicago-based mortgage servicer in violation of federally mandated rules, and subsequently ordered restitution payments and system changes. The investigation [...]
Estimated Additional Deficit Reduction for H.R. 10 Reaches $9.5 Billion
The House of Representatives is set to vote on the Financial Choice Act (H.R. 10) Thursday. The Congressional Budget Office (CBO) reported that the estimated federal deficits for the amended [...]
HSBC Fulfills Settlement Requirements
HSBC has fulfilled its obligations under the National Mortgage Settlement (NMS), according to a compliance report released on Wednesday. The report is the second of its kind released on the [...]