Compliance

Sen. Elizabeth Warren (D-MA) is amassing more $1 million per month in the fundraising for her 2018 re-election bid
Sen. Elizabeth Warren (D-MA) is amassing more $1 million per month in the fundraising for her 2018 re-election bid.   According to an Associated Press report, Warren’s campaign brought in about $3 million during the third quarter and approximately $3.4 million in the second quarter. Warren... Keep Reading....
The Mortgage Bankers Association (MBA) has expressed concern to the Trump Administration and congressional leaders that potential changes in the tax code could create more problems than solutions
David H. Stevens, President and CEO of the Mortgage Bankers Association (MBA), took to Twitter to offer a tribute to Sen. Bob Corker (R-TN), who announced on Tuesday that he would not seek re-election in 2018. Writing on his personal Twitter channel, Stevens stated:   “The loss of @SenBobCorker... more
Pam Patenaude has been sworn in as the new Deputy Secretary for the U.S. Department of Housing & Urban Development (HUD)
Pam Patenaude has been sworn in as the new Deputy Secretary for the U.S. Department of Housing & Urban Development (HUD). Following her confirmation by the U.S. Senate on Sept. 14th, U.S. Vice President Mike Pence administered the oath of office to Patenaude.   As HUD’s second-ranking official... more
The Consumer Financial Protection Bureau (CFPB) issued an interim final rule and a proposed rule to provide mortgage servicers designed to alleviate and clarify requirements related to communicating with borrowers
The Consumer Financial Protection Bureau (CFPB) has fined real estate settlement services provider Meridian Title Corporation $1.25 million for allegedly steering consumers to a title insurer that is part-owned by several of its executives without disclosing the affiliation between the companies... more
The critical defect rate for residential mortgages reached 1.61 percent during the first quarter, according to ACES Risk Management’s (ARMCO) latest Mortgage QC Trends Report. The first quarter figure was up from the 1.50 percent level in the previous quarter but down from 1.63 percent one year... more