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Regulatory Compliance

CFPB Issues Final Rule Extending the GSE Patch

The Consumer Financial Protection Bureau (CFPB) has issued a final rule to extend the government-sponsored enterprise (GSE) “patch” until the mandatory compliance...

CSBS Issues Proposed Standards for Nonbank Mortgage Servicers

The Conference of State Bank Supervisors (CSBS) says it is now seeking input on proposed regulatory standards for nonbank mortgage servicers.

CFPB Finds Generally Positive Effects of TRID Integrated Disclosure Rule

The Consumer Financial Protection Bureau (CFPB) has issued a recent assessment of the TRID Integrated Disclosure Rule, finding that the rule has...

New MISMO Standard Aids in Taxpayer First Act Compliance

MISMO says its Taxpayer Consent Language has been approved as a new standard, helping to provide a consistent way for the mortgage...

Debra Chew Tapped to Lead New Federal Housing Finance Agency Office

The Federal Housing Finance Agency (FHFA) says Debra Chew will join the agency as director for the Office of Equal Opportunity and...

CFPB Issues IFR on Loss Mit Options for Recovering Homeowners

The Consumer Financial Protection Bureau has issued an interim final rule (IFR) that will make it easier for consumers to transition out...

CFPB Relaxes TRID Rule to Help Lenders During Crisis

To help make things easier on both mortgage lenders and borrowers during this time of crisis, the Consumer Financial Protection Bureau (CFPB)...

CFPB to Assess Effectiveness of TRID Rule

The Consumer Financial Protection Bureau (CFPB) is re-visiting the TILA-RESPA Integrated Disclosures (TRID) rule to assess its effectiveness.The...

ARMCO Adds New Capabilities to ACES Audit Technology

ACES Risk Management (ARMCO), a provider of enterprise financial risk mitigation solutions, has released new enhancements to its auditing platform, ACES Audit...

CFPB Clarifies Rule on Loan Originators with Temporary Authority

The Consumer Financial Protection Bureau (CFPB) has issued an interpretive rule clarifying screening and training requirements for financial institutions which employ loan...

ComplianceEase Offering Pre-Exam Portal to Help Mortgage Lenders Prepare for E-Exams

Beginning this January, ComplianceEase, in cooperation with the Multistate Mortgage Committee (MMC), will offer a complementary pre-exam portal “sandbox” to assist all...

HUD, DOJ Sign MOU For Reviewing False Claims Act Complaints Against FHA Lenders

In an effort to woo banks back to FHA lending, the U.S. Housing and Urban Development (HUD) and U.S. Justice Department (DOJ)...

Black Knight Launches New State and Federal Compliance Testing Solution

Compliance testing can add significant time and cost to the loan origination process - but by integrating automated state and federal compliance...

State Mortgage Regulators Seek to Standardize Data Transfer Between LOSs

State regulators are encouraging the mortgage industry to integrate state-developed data standards with mortgage loan origination systems.The purpose...

CFPB Launches Task Force to ‘Harmonize’ and ‘Modernize’ Consumer Financial Laws

The Consumer Financial Protection Bureau (CFPB) is establishing a task force that will look for ways to improve and strengthen consumer financial...

IDS and Mortgage Builder Develop Fresh Integration Using MISMO Version 3.4

International Document Services (IDS), which provides document services to the mortgage industry, has signed a preferred partnership agreement with Mortgage Builder, a...

Waterstone Mortgage Hires Scott Woodbury as VP, Risk and Compliance

Scott Woodbury has joined Waterstone Mortgage as vice president, risk and compliance.Woodbury previously served as general counsel for...

CFPB to Enhance Consumer Complaint Database

In response to feedback it received from the mortgage industry in 2018, the Consumer Financial Protection Bureau (CFPB) is taking steps to...

Industry to CFPB: Ditch the DTI Ratio Requirement for ATR/QM Rule

A coalition of mortgage lenders and industry associations is pushing the Consumer Financial Protection Bureau (CFPB) to eliminate the debt-to-income (DTI) ratio...

Mortgage Cadence, CoreLogic Team to Lower the Cost to Originate

Mortgage Cadence, an Accenture company, has integrated CoreLogic’s Print and Ship secure document delivery solution with the latest version of Mortgage Cadence...

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