Compliance

Churchill Mortgage has announced that it has enhanced its risk management policies and procedures governing its retail mortgage lending business by requiring independent screening and risk monitoring for all settlement agents having access to a borrower’s
Churchill Mortgage has announced that it has enhanced its risk management policies and procedures governing its retail mortgage lending business by requiring independent screening and risk monitoring for all settlement agents having access to a borrower’s loan documents and mortgage proceeds. The... Keep Reading....
In what is believed to be the first lawsuit of its kind, an Illinois homeowner is suing Zillow because the company’s Zestimate tool allegedly preventing the sale of her home
In what is believed to be the first lawsuit of its kind, an Illinois homeowner is suing Zillow because the company’s Zestimate tool allegedly preventing the sale of her home by repeatedly undervaluing the property.   According to a Washington Post report, Glenview, Ill.-based real estate lawyer... more
Mobile home
The Federal Housing Finance Agency (FHFA) is now seeking public input on Fannie Mae and Freddie Mac's proposed Underserved Markets Plans under the Duty to Serve program.      The FHFA issued a final rule on Dec. 13, 2016 to implement the Duty to Serve provisions, which requires the government-... more
ACES Risk Management (ARMCO) has announced that it has upgraded its ACES Audit Technology solution with more than 15 new enhancements
ACES Risk Management (ARMCO) has announced that it has upgraded its ACES Audit Technology solution with more than 15 new enhancements. The major enhancements include support for the HMDA changes scheduled for 2018, at-a-glance dashboards, and heightened automation for the system’s ACES Intelligent... more
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Question: In a situation where a borrower switched from Lender A to Lender B and an appraisal was previously performed for Lender A, can Lender B accept that appraisal? Is Lender A under any obligation to transfer the appraisal to Lender B?  Answer If the situation involves an FHA/VA/FHA/Federal... more