Compliance

The Consumer Financial Protection Bureau (CFPB) has issued a statement claiming that some mortgage servicers were in violation of federal laws “by failing to provide struggling borrowers with legal protections.”
The Consumer Financial Protection Bureau (CFPB) has issued a statement claiming that some mortgage servicers were in violation of federal laws “by failing to provide struggling borrowers with legal protections.”   In the Spring 2017 edition of the agency’s “Supervisory Highlights” report, the CFPB... Keep Reading....
Richmond Federal Reserve President Jeffrey Lacker abruptly announced his resignation today while acknowledging that he was the source of the leak of the central bank’s plans regarding economic policy
Richmond Federal Reserve President Jeffrey Lacker abruptly announced his resignation today while acknowledging that he was the source of the leak of the central bank’s plans regarding economic policy.   CNBC reported that Lacker, who became the head of the Richmond Fed in August 2004 and announced... more
A pair of prominent Republican senators are offering different approaches to changing the Dodd-Frank Act
A pair of prominent Republican senators are offering different approaches to changing the Dodd-Frank Act.   According to a Reuters report, Sen. Mike Crapo (R-ID), chairman of the Senate Banking Committee, announced that he is seeking new bank reform legislation that can be forged with bipartisan... more
Comergence has added Don Scales as manager of its Business Development team, bringing more than 11 years of mortgage industry experience and 25 years as a sales professional
Comergence has added Don Scales as manager of its Business Development team, bringing more than 11 years of mortgage industry experience and 25 years as a sales professional. Scales will be responsible for the education and acquisition of mortgage lenders and originators nationwide on new and... more
The U.S. Department of Justice has announced updates on a pair of high-profile cases tied to housing-related crimes
The U.S. Department of Justice has announced updates on a pair of high-profile cases tied to housing-related crimes.   Aaron Wider, the former owner and CEO the mortgage bank HTFC Corp. in Garden City, N.Y., was sentenced by a U.S. District judge to 150 months’ imprisonment for conspiracy to commit... more