Regulation and Compliance
Coming Up:
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.
Title Insurance Agency To End No-Poach Agreements, Pay $1M
Kensington Vanguard admits no wrongdoing in deal announced with N.Y. Attorney General's office.
MISMO Releases Updated Life Of Loan Process Model
Allows users to view MISMO standards within the context of a typical mortgage’s life cycle.
FHFA Proposes Amending Suspended Counterparty Program Rule
Changes would authorize suspension of business with counterparties that commit misconduct.