Seeking Clarity in New TRID Amendments
According to a recently published letter, ambiguities in TRID-RESPA regulations are hurting both consumers and lenders. The post Seeking Clarity in New TRID Amendments appeared first on DSNews. Source: DS [...]
Credit Score Competition Act Reintroduced
The Credit Score Competition Act, which seeks to force giants Fannie Mae and Freddie Mac to use alternative scoring when evaluating home mortgage purchases, was reintroduced by U.S. Reps. Royce, [...]
Nation Sees Decrease in Bankruptcy Filings
One report detailed a drop in bankruptcy filings, and two Southern states having the highest number of bankruptcy filings per capita in the country. The post Nation Sees Decrease in [...]
CFPB: Mortgage Payment Issues a Top Complaint
Mortgages are once again one of the Consumer Financial Protection Bureau’s most complained-about products, with payment issues, the misapplication of funds, and foreclosure-relief topping the list. The post CFPB: Mortgage [...]
Outsourcing May Be Best for Lender Document Trailing
Nationwide Title Clearing, a post-closing services provider serving many of the nation’s largest financial institutions, investors, servicers, and custodians, released a white paper for lenders offering a scoring method to [...]
LenderLive Hires VP of National Sales
The new VP will be responsible for developing new client relationships and supporting existing ones for LenderLive’s Settlement Services line of business. The post LenderLive Hires VP of National Sales [...]
OCC Releases CRA Evaluations for 20 Financial Institutions
The Office of the Comptroller of the Currency (OCC) released a list of Community Reinvestment Act (CRA) performance evaluations for 20 financial institutions. The post OCC Releases CRA Evaluations for [...]
Fed’s MBS Drawdown Could Affect Housing Market
Housing experts are concerned a reduction in the Federal Reserve’s MBS holdings could harm the housing recovery. The post Fed’s MBS Drawdown Could Affect Housing Market appeared first on DSNews. [...]
Report: Time to Update the Mortgage Servicing Industry
Industry experts say the time has come for changes to the mortgage servicing industry to allow for less-than-perfect borrowers access to mortgages. The post Report: Time to Update the Mortgage [...]