FHFA Rescinds Biden Administration’s ‘Confusing’ DTI Fees Rule
The Federal Housing Finance Agency (FHFA) has rescinded the upfront fees based on borrowers' DTI ratios for loans acquired by Fannie Mae and Freddie...
LenderLogix Releases Spanish Version of its LiteSpeed POS
Mortgage automation software provider LenderLogix has released a Spanish language version of its point-of-sale (POS) solution, LiteSpeed.
With LiteSpeed, small to mid-sized lenders gain the...
Some Mortgage Lenders May Need to Act Now on New Fannie Mae Requirements
BLOG VIEW: In December, Fannie Mae announced significant changes to its Approved Seller/Servicer requirements where, starting in 2023, Sellers must sell a minimum of 12 loans to...
Mapping Out 2023’s Mortgage Compliance Priorities and Market Pressures
BLOG VIEW: The congressional elections of November 2022 bucked the expectations of past mid-terms. While the Republican party did grab nine seats to gain...
CFPB Proposes Mortgage Contract Protection Updates for Consumers
The Consumer Financial Protection Bureau (CFPB) has proposed a rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it...
Ncontracts Promotes Melissa Outlaw to Chief Customer Officer
Melissa Outlaw has been promoted to chief customer officer at Ncontracts, a provider of integrated compliance and risk management solutions to the financial industry.
Outlaw...
New Closing Fee Calculator From LodeStar Integrated With Encompass
LodeStar Software Solutions, a national provider of closing fee-related compliance tools for mortgage lenders, has launched LodeStar Connect, a closing fee calculator for mortgage...
CFPB, DOJ Fine Trident Mortgage For Alleged Redlining
The Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) recently ordered Trident Mortgage Co., a non-depository mortgage company operating in Delaware,...
Garris Horn Adds David G. Ross as Litigation Partner
David G. Ross has joined Garris Horn LLP, a boutique, virtual law firm focused on federal financial regulation, including TILA/RESPA/TRID, as litigation partner.
Ross has...
Intercontinental Exchange to Acquire Black Knight in Cash/Stock Deal Valued at $13.1 Billion
Less than two years after it acquired mortgage origination software firm Ellie Mae for $11 billion, Intercontinental Exchange (ICE), a global provider of data,...
FHFA Amends Enterprise Regulatory Capital Framework for GSEs
The Federal Housing Finance Agency (FHFA) has published a final rule that amends the Enterprise Regulatory Capital Framework (ERCF) by refining the prescribed leverage...
Evolve’s Brooks Systems Acquisition Supports Mortgage Regulation Compliance
Evolve Mortgage Services, a provider of outsourced mortgage solutions and eMortgage technology solutions, has acquired Brooks Systems LLC to expand its technical automation regulatory...
Proposal Focuses on Capital Planning Rule for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) has issued a proposed rule that would require Fannie Mae and Freddie Mac to develop, maintain and submit...
SitusAMC Launches Securent Insurance for MBS, MSR Markets
SitusAMC has debuted Securent, a provider of comprehensive risk management and insurance programs for mortgage and mortgage-backed securities (MBS) stakeholders.
Securent’s loan defect insurance protects...
Ncontracts Acquires the OnSemble Intranet Portal
Ncontracts, a provider of integrated risk management solutions for the financial services industry, has acquired the OnSemble intranet portal from Passageways, Inc.
Terms of the...
MISMO Seeks Participants to Help Standardize Pre-Closing Title Document Datasets
MISMO, the real estate finance industry's standards organization, is seeking participants for a new initiative focused on standardizing pre-closing title document datasets in order...
CFPB to Closely Scrutinize How Mortgage Servicers Handle Borrowers Exiting Forbearance
As the COVID-19 related foreclosure moratoriums wind to a close and mortgage servicers brace for a potential wave of defaults, the Consumer Financial Protection...
Wipro Opus Risk Solutions Hires Kebra Rhedrick as Chief Compliance Counsel
Kebra Rhedrick has joined financial services consulting firm Wipro Opus Risk Solutions as chief compliance counsel.
Rhedrick previously served as in-house counsel for JPMorgan Chase...
CFPB Fines Trustmark National Bank $5 Million For Alleged Redlining in Memphis
Trustmark National Bank, a Jackson, Mississippi-based company founded in 1889, will pay a $5 million penalty to the Consumer Financial Protection Bureau (CFPB) for...
Consumer Financial Protection Bureau Makes Key Senior Leadership Changes
The Consumer Financial Protection Bureau (CFPB) has announced leadership moves for the deputy director, associate director for consumer education and external affairs, chief of...