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 industry to...
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 Fairness (OEOF)...
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 of financial...
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) is loosening...
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 bureau is requesting public comment on...
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 Technology, including...
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 originators with...
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 residential mortgage...
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) have set...
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 checks with...
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 is to enhance the quality of...
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 laws and...
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 provider of...
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 Shamrock Home Loans.
In his new position...
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 improve its...
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 requirement from...
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 Enterprise Lending...
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 the Fair...
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 impose a...
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 the mortgage...