Regulation and Compliance
Coming Up:
Ex-Employee Sues CrossCountry For Unpaid OT
The lawsuit says the company wrongly classified him as being ineligible for overtime.
Illinois Suspends LO License Of Ex-Sprout CEO Michael Strauss
Has formed new company called Smart Rate Mortgage, based in Florida.
CFPB: Some Mortgage Comparison Sites May Illegally Manipulate Results
Issues guidance warning that steering shoppers for kickbacks or fees is against the law.
MBA Seeks Meeting With FHFA Over New GSE Pricing Framework
Sends letter to agency director raising concerns about changes, including LLPAs based on debt-to income ratios.
Major Changes To Consumer Data Privacy Regulation In 2023
California and Virginia have new comprehensive laws; other states could soon follow
Mortgage Banker
Fed Slows Rate Hike Pace, OK’s 0.25% Bump
Rate hike is 8th since March 2022.
Report: Fannie, Freddie Note Sales Undercut Homeownership Goals
National Consumer Law Center report says sales to private investors strip borrowers of access to loss-mitigation options.
FHA Expands COVID-19 Recovery Loss-Mitigation Options
Updated and expanded options intended to help more borrowers avoid foreclosure.
The Fight Against Mortgage Fraud
Empower your borrowers with the correct resources for better compliance
NMP
Complex Algorithms Causing Complex Compliance Issues
Complying with Reg B and ECOA on adverse action
MORTGAGE WOMEN