Regulation and Compliance
Coming Up:
W-2s For Originators, Montana Says
The state reminds employers that MLOs are not independent contractors.
Finally, Government Works
Different approaches could help boost home ownership
NMP
Texas Law Changes Target Equity Lenders
New rules in place on releasing liens, local inconsistencies, and data breaches
Lone Star LO
NHC Proposes End To Flat Guarantee Fee Structure
Says risk-based pricing has ‘outlived its purpose.’
Why IMBs Don’t Need A CRA Cramdown
Expanding Community Reinvestment Act to IMBs looks good on paper, but is it?
Mortgage Banker
FTC Dismisses Challenge To Black Knight-ICE Merger
The move follows Black Knight's agreement to divest two units; comes amid ICE's continued expansion in mortgage tech market.
FHA Eyes Electronic Communication With Proposed Modernized Engagement For Defaulting Borrowers
Remote outreach methods could become permanent, aligning with technological advances and borrower preferences.
Fannie Mae’s Appraisal Alternative: What Mortgage Brokers Need To Know
Appraisal alternatives can be useful for originators to have in their tool kit in a purchase-driven market
NMP
Cali Kickbacks?
It’s illegal but hard to prove
California Broker
MISMO Releases Consumer-Facing Charge and Fee Guide
Provides a standard set of expected fee names and descriptions.