Regulation and Compliance
Coming Up:
A California CRA Law Undercuts Itself
Who pays when compliance costs increase? Borrowers.
California Broker
CFPB Weighs Title Insurance Changes
The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.
Fannie Mae Weeds Out "Prohibited or Subjective" Appraisal Language
The overall occurrence rate for these violations has gone down, Fannie Mae reports.
Arizona Bans NTRAPS, Following Other States
ALTA on a war path to ban the "predatory practice of filing unfair real estate fee agreements in property records."
Kentucky Legislature Passes Bill Banning NTRAPS
The new law prohibits the recording of NTRAPS in property records, creates penalties if NTRAPS are recorded, and provides for the removal of NTRAPS currently in place.
Credit’s Cookin’
Menu of borrowers to grow with new scoring system
Mortgage Banker
Fed Rate Could Be Down To 4.6% By Year's End
Inflation must hit its 2% goal for Fed to reduce rates.
New Compliance Requirements Add Challenges
Latest changes arrive at an already disruptive time in the mortgage industry
MORTGAGE WOMEN
Changes Coming For Investment Properties
Using leases to qualify will require Proof
MORTGAGE WOMEN
FCC Adopts New Rules To Close The 'Lead Generator Loophole'
Mortgage lead providers respond, saying this will "wipe out" several small and mid-tier businesses