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Regulatory Compliance

ARMCO Hires Mike Ehring as Senior Director of Business Development

Mike Ehring recently joined ARMCO, a provider of risk mitigation solutions to the mortgage industry, as senior director of business development.

DocMagic Now Integrated with LendingPad

DocMagic, offering document preparation, regulatory compliance and e-mortgage services to mortgage lenders, reports that its platform is now integrated with the LendingPad loan origination system (LOS) from...

LoanLogics Hires Elizabeth Green, Paul Vancheri For Key Executive Roles

Elizabeth Green, a 25-year veteran leader in the mortgage software and valuation sectors, has joined loan quality technology firm LoanLogics as chief...

CFPB Fines Freedom Mortgage for HMDA Violations

Freedom Mortgage will pay a $1.75 million fine and must take steps to improve its compliance in order to settle allegations by...

MQMR Hires Jeff Christensen as VP of Sales

Jeff Christensen recently joined mortgage compliance consultancy Mortgage Quality Management and Research (MQMR) as vice president of sales.Christensen...

CFPB Settles with BSI Financial Services Over RESPA, TILA Violations

Mortgage servicer BSI Financial Services will pay a penalty of $200,000 and restitution to borrowers of at least $36,500 to settle allegations...

Multiple Staff Appointments at the FHFA

Christopher L. Bosland has joined the Federal Housing Finance Agency (FHFA) as senior advisor for regulatory affairs while Meghan C. Patenaude has...

CFPB Gearing Up to Further Relax HMDA and Possibly Other Rules

The Consumer Financial Protection Bureau (CFPB) plans to further relax its Home Mortgage Disclosure Act (HMDA) rules and may be making additional...

ComplianceAnalyzer Now Integrated with LendingPad

ComplianceEase, a provider of mortgage compliance software, recently announced that its ComplianceAnalyzer solution is now integrated with with LendingPad, a cloud-based loan...

FHA Proposing Significant Changes to its Lender Certification Requirements

The Federal Housing Administration (FHA) is proposing several revisions to its lender certification requirements with the goal of providing lenders and servicers...

MetaSource Report Reveals Weak Points in Servicers’ MERS Compliance

Mortgage servicers are sometimes failing to adequately document the reasons behind a decision to move forward with a default for bankruptcy or...

Trump Directs Treasury, HUD to Enact Housing Finance Reform

President Trump has signed a presidential memorandum directing the Treasury Department and U.S. Department of Housing and Urban Development, along with other...

LoanLogics and VirPack Aim to Speed Loan Document Recognition and QC

LoanLogics, offering loan quality technology for mortgage manufacturing and loan acquisition, is now integrated with VirPack, a provider of virtual document management...

ComplianceEase Hires One, Promotes Another on its Executive Team

Sheila Meagher has joined ComplianceEase, a provider of automated compliance solutions, as senior vice president of sales and client success.

ComplianceEase Taps Michael Jackman as CEO

Michael Jackman is the new CEO of ComplianceEase, provider of automated compliance solutions, replacing Anita Kwan, co-founder and CEO, who is retiring. 

Wipro Teams With ComplianceEase to Offer Per-Closed-Loan Pricing

ComplianceEase, a provider of automated compliance solutions to the financial services industry, has expanded its partnership with Wipro Gallagher Solutions (WGS), a...

HomeStreet Bank Seeks to (Mostly) Exit the Mortgage Business

Citing that “it is still unclear when, and to what extent, industry conditions will improve," as well as an overly burdensome regulatory...

OIG Report Finds that Former FHFA Director Watt Acted Inappropriately

An investigation by the Office of the Inspector General (OIG) for the Federal Housing Finance Agency (FHFA) into allegations of sexual harassment...

Mortgage Lending Outlook: What’s in Store for 2019

As the U.S. economy continued to strengthen throughout 2018, mortgage companies increasingly faced challenges related to rising interest rates, a shrinking housing...

Trump Administration Pushing for GSE Reform

Housing finance reform may soon be back on the table in Congress, as Senate Banking Committee Chairman Mike Crapo (R-Idaho) on Friday released...

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