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Regulatory Compliance

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...

HUD Seeks to Amend Interpretation of Fair Housing Act’s Disparate Impact Rule

The U.S. Department of Housing and Urban Development (HUD) is seeking feedback on a proposed rule to amend the HUD interpretation of...

CFPB Plans to Let QM Patch Expire

The Consumer Financial Protection Bureau (CFPB) is planning to allow the controversial QM patch rule expire in January 2021, however, it may...

New Capital Partners Invests in ARMCO

Private equity firm New Capital Partners has invested in ACES Risk Management Corp. (ARMCO), a provider of risk management solutions geared for...

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...

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