Knowledge Coop Hires Brian Paine as Director of Technology
Brian Paine has joined Knowledge Coop, which offers compliance training to the mortgage industry, as director of technology.
Paine comes to Knowledge Coop after spending...
FHFA Chooses Phyllis K. Fong as Acting Inspector General
The Federal Housing Finance Agency (FHFA) has named Phyllis K. Fong as its acting inspector general. She will continue to serve as the inspector...
MISMO Explores Market Need and Standards for ESG Initiatives
MISMO, the real estate finance industry's standards organization, is creating a new Community of Practice (CoP) focused on exploring potential standards for Environmental, Social...
Goldman Sachs Completes Consumer-Relief Obligation Stemming from Settlement
Goldman Sachs has successfully completed its $1.8 billion consumer-relief obligation under the 2016 settlement agreements with the U.S. Department of Justice and three states,...
Covius Holdings Hires Tom Coffey as VP of Business Development for Clayton Unit
Tom Coffey has re-joined Covius Holdings Inc., a provider of technology-enabled solutions to the financial services industry, to serve as vice president of business...
Biden Administration Fires FHFA Director Calabria Following SCOTUS Ruling
The White House on Wednesday ousted Mark Calabria as director of the Federal Housing Finance Agency (FHFA), which regulates Fannie Mae and Freddie Mac,...
Ncontracts Hires Rafael DeLeon, Formerly with OCC, as SVP of Industry Engagement
Office of the Comptroller of the Currency (OCC) veteran Rafael (Ralph) DeLeon has joined Ncontracts, a provider of integrated risk management and lending compliance solutions...
Plaza Home Mortgage Hires Erik Knight as SVP, Risk Management and Compliance
Erik Knight has joined Plaza Home Mortgage, a wholesale and correspondent mortgage lender, as senior vice president, risk management and compliance.
Knight has more than...
CFPB Delays Compliance Date for General Qualified Mortgage Final Rule
The Consumer Financial Protection Bureau (CFPB) has formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1,...
Rate of Defects in Mortgage Applications Jumped in Q3 Due to Surging Purchases
Due to increasing purchase volume, the rate of critical defects in mortgage applications increased 25% in the third quarter of 2020 compared with the...
CFPB Delays Compliance Date for General QM Rule
The Consumer Financial Protection Bureau (CFPB) has delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1 to...
Clinton Jones to Assume General Counsel Role at FHFA
The Federal Housing Finance Agency (FHFA) says Clinton Jones has succeeded Alfred Pollard as the agency’s new general counsel.
Pollard is retiring from the FHFA...
ACES Quality Management Hires Amanda Phillips as EVP of Compliance
Amanda Phillips has joined ACES Quality Management (ACES) as executive vice president of compliance.
Phillips most recently served as of counsel with Ballard Spahr, LLP,...
LoanLogics Launches New Tool to Help Lenders With HMDA Compliance
LoanLogics has launched a new tool that helps mortgage lenders more easily analyze HMDA data for compliance with mortgage industry regulations and quickly identify...
CFPB Launches Complaint Against 1st Alliance Lending
1st Alliance Lending, along with its executives, John Christopher DiIorio, Kevin Robert St. Lawrence, and Socrates Aramburu, are facing a complaint from the CFPB...
CFPB Updates Qualified Mortgage Rule
The Consumer Financial Protection Bureau (CFPB) has finalized two rules that will replace its Qualified Mortgage (QM) rule.
The first rule, the General QM Final...
Mr. Cooper in Hot Water with the CFPB
The Consumer Financial Protection Bureau (CFPB) has filed a complaint and proposed a stipulated judgment and order against Nationstar Mortgage LLC, which does business...
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 date of...
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.
The objective of the...
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 made progress...