(866) 647-3452
Fax (866) 550-1093

Industry News

Auto Case Shows CFPB Will Fine Lenders for Not Protecting Borrowers

Industry News - Mon, 08/25/2014 - 13:27
The latest action against an auto lender underscores the CFPB's expectation that lenders will affirmatively act to protect customers throughout and after the consumption of the transaction.
Categories: Industry News

Why Mortgage Lenders Have a Duty to Serve

Industry News - Thu, 08/21/2014 - 16:27
A mortgage industry laden with government enticements has no choice but to honor a duty to serve its benefactor's affordable housing goals, claim the authors of a new book.
Categories: Industry News

Selling Mortgages to Millennials

Industry News - Thu, 08/21/2014 - 12:22
Millennials may be the first group of homebuyer-aged Americans that don't buy into the American dream -- at least not the homeownership part of it.
Categories: Industry News

Why We Should Scrap Mortgage Interest Deductions

Industry News - Tue, 08/19/2014 - 15:58
The mortgage interest tax deduction is supposed to encourage homeownership among low- and middle-income Americans. But it primarily benefits higher-income taxpayers, according to a new study from the Mercatus Center at George Mason University.
Categories: Industry News

Proposed HMDA Changes Set to Improve Data Quality

Industry News - Tue, 08/19/2014 - 13:12
HMDA data provides information regarding home mortgage lending activity, and the proposed CFPB rule appears to significantly expand data reporting requirements for mortgage industry participants.
Categories: Industry News

The Best "Recipe" for Preparing for a CFPB Exam: Part 1

Industry News - Tue, 08/19/2014 - 11:37
All employees, including executives, need to be focused on compliance and customer complaints. The Consumer Financial Protection Bureau is specifically concerned when a company does not appropriately monitor third-party vendors.
Categories: Industry News

How Compliance Violations Become Conspiracies

Industry News - Mon, 08/18/2014 - 14:00
One thing lenders often overlook is the manner in which potentially isolated compliance problems can in retrospect be weaved into an elaborate and intentional conspiracy.
Categories: Industry News

A Stormy Season for Lender Placed Insurance

Industry News - Fri, 08/15/2014 - 12:06
Weather-wise, we're having a relatively placid season. But legal and regulatory developments are a different story when it comes to lender-placed insurance.
Categories: Industry News

The Challenging Millennial Market

Industry News - Thu, 08/14/2014 - 14:47
In about six years, by 2020, one out of three adult Americans will be a Millennial. By 2025, they will make up about 75% of the workforce.
Categories: Industry News

Time to Get Serious About RESPA/TILA Compliance

Industry News - Wed, 08/13/2014 - 13:27
Though there is still a year for mortgage lenders to get in compliance with the Consumer Financial Protection Bureau's document changes, the perils of missing that deadline are considerable.
Categories: Industry News

Looking at Mini-Correspondents Differently

Industry News - Mon, 08/11/2014 - 16:05
The overall message – that mini-correspondents were intended as transitions, not permanent business models – means that the loan channel would be examined for consistency with the intended purpose.
Categories: Industry News

Why Minorities Mean Money to Mortgage Lenders

Industry News - Fri, 08/08/2014 - 18:13
Minority borrowers, as a group, are more likely to use the same lender again and more likely to comment about the experience in social media.
Categories: Industry News

State Housing Agencies Return to Bonds to Bolster Depleted Assets

Industry News - Fri, 08/08/2014 - 13:14
Selling loans into the secondary market was a good strategy for housing finance agencies when rates were falling, but now they are said to be heading back to traditional bond financings to boost their balance sheets.
Categories: Industry News

New HMDA Reviews Show the CFPB Means Business

Industry News - Tue, 08/05/2014 - 11:34
Lenders need to take the initiative to analyze their Home Mortgage Disclosure Act data before the Consumer Financial Protection Bureau does.
Categories: Industry News

Is Green the Only Color That Matters in Mortgages? If Only...

Industry News - Tue, 08/05/2014 - 10:55
Another roundup of comments on our Editor at Large blog, from the best and brightest to the funniest.
Categories: Industry News

A Few Things We've Learned About the CFPB in the Last Three Years

Industry News - Mon, 08/04/2014 - 14:48
Unlike other regulatory agencies that in many cases looked at form over substance, the Consumer Financial Protection Bureau will ignore structures altogether when it perceives them to be "sham" transactions.
Categories: Industry News

Survey Customers at the Right Time—For Them

Industry News - Thu, 07/31/2014 - 19:52
In our work, we've found that lenders who survey customers at the right time will see a significantly higher information return, which can then inform positive changes in the mortgage operation.
Categories: Industry News

Sneak Peek at 2013 HMDA Data Shows Apps Down, Denials Up

Industry News - Mon, 07/28/2014 - 14:44
The CFPB and other regulators are showing an increasing appetite for big data. The HMDA database may be the biggest in the mortgage business and a preview of the upcoming dataset may give lenders a chance to stay one step ahead of the feds.
Categories: Industry News

Sneak Peak at 2013 HMDA Data Shows Apps Down, Denials Up

Industry News - Mon, 07/28/2014 - 14:44
The CFPB and other regulators are showing an increasing appetite for big data. The HMDA database may be the biggest in the mortgage business and a preview of the upcoming dataset may give lenders a chance to stay one step ahead of the feds.
Categories: Industry News

Pay Attention to the HMDA Proposals

Industry News - Mon, 07/28/2014 - 11:01
The Consumer Financial Protection Bureau requests data that if used too zealously could cause a massive restriction in the market and a reduction in the type and amount of lenders.
Categories: Industry News

Pages

Subscribe to Securitization Audit, Forensic Audit, Mortgage Audits Online aggregator - Industry News