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HUD Earmarks $70 Million for Tribal Communities


The U.S. Department of Housing and Urban Development announced $70 million in funding available during Fiscal Year 2014 to tribal communities across the nation to improve housing conditions and stimulate community development for low and moderate income families. The grants are available through HUD’s Indian Community Development Block Grant (ICDBG) Program for a wide variety of community development and affordable housing activities.Click to continue

Stonebridge Title Services Ordered by CFPB to Pay $30,000 for Illegal Kickbacks


The Consumer Financial Protection Bureau has ordered a New Jersey company, Stonebridge Title Services Inc., to pay $30,000 for paying illegal kickbacks for referrals. “Kickbacks drive up the costs of getting a mortgage and put law-abiding companies at a disadvantage,” said CFPB Director Richard Cordray. “The Consumer Bureau will continue to take action against companies that seek to attract consumers through illegal schemes.”Click to continue

New Dataset Highlights HUD-Assisted Households That Include Medicare and Medicaid Claims


In a groundbreaking cross-agency collaboration, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Health and Human Services (HHS) produced the first-ever dataset of HUD-assisted households that includes Medicare and Medicaid claims data. Despite the potential usefulness of combining administrative data across agencies, such projects are rare and very difficult to bring to fruition.Click to continue

HMDA-LAR: Systemic Errors

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Question: I have recently become aware that a Home Mortgage Disclosure Act Loan Application Register (HMDA-LAR) we previously filed for 2013 contained systemic errors. Am I required to correct and resubmit the HMDA-LAR?Click to continue

GSE Reform and CFPB Transparency Take Center Stage on Capitol Hill


Author Joshua Rosner appeared in Washington earlier today to talk about government-sponsored enterprise (GSE) reform. That age-old topic that gets brought up time and time again but never really has any headway made about it. While appearing before a group of Investors Unite members, Rosner made it clear that GSE reform could occur, with or without government assistance.

“There are consequences for lack of reform, or improper reform – the wrong kind of change may make things worse,” Rosner said. “Addressing GSE capital stack issues and reform go hand in hand.”Click to continue

CFPB to Closely Examine Mobile Financial Services


The Consumer Financial Protection Bureau (CFPB) has announced that it is launching an inquiry into the opportunities and challenges associated with the use of mobile financial services. As part of the inquiry, the Bureau is exploring how mobile technologies are impacting unbanked and underserved consumers with limited access to traditional banking systems.Click to continue

CoreLogic's LoanSafe Risk Manager Now Available Through Mortgage Builder Software


CoreLogic has announced the availability of its LoanSafe Risk Manager suite of risk mitigation solutions directly to mortgage professionals through Mortgage Builder Software, the leader in end-to-end residential lending software and interface integration for mortgage bankers, banking institutions and credit uClick to continue

HUD Settles Another Fair Housing Act Violation Case


The U.S. Department of Housing & Urban Development (HUD) has announced that it has entered into a Voluntary Compliance Agreement with the Englewood Housing Authority (EHA) in Englewood, Colo., settling allegations that EHA violated the Fair Housing Act when it implemented a point system at Orchard Place Apartments that effectively denied housing to applicants with disabilities unless they were elderly.Click to continue

FSR Seeking Greater Transparency From the CFPB


The Financial Services Roundtable (FSR) has sent a letter to Capitol Hill asking for changes to the Consumer Financial Protection Bureau (CFPB) governance structure while the House Financial Services Committee held a hearing regarding “Legislative Proposals to Improve Transparency and Accountability at the CFPB."Click to continue