Skip to main content

AllRegs: A Summary of Recent Regulatory Changes in the Mortgage Industry

National Mortgage Professional
Dec 03, 2002

ASC Has the PowerMortgagePress.comAssociated Software Consultants, PowerLender Associated Software Consultants (ASC) announced the release of PowerLender, its new loan origination and processing system, which enables users to separate business rules from programming. PowerLender users' customizations are not impacted by upgrades from ASC, which allow the company to provide customizable loan origination systems for the cost of a turnkey solution. ASC is currently converting more than 30 customers of PowerLender's predecessor, UNI- FORM, to the new system. Since PowerLender is designed to read and write to UNI-FORM databases, ASC's customers are able to migrate to PowerLender while keeping all of their existing loan data and business rules in place. The system includes several new features, including re-engineered set-up routines, a customizable Graphical User Interface screen-builder and a data subset generator. The program also offers an offline processing mode, which enables remote uploading of loan data with a secure Internet connection. For more information, visit www.asconline.com or call (800) 628-4687.
Published
Dec 03, 2002
CFPB Reports Trends In Financial Assistance

The latest developments from this study reveal that most consumers have exited the payment assistance they received at the start of the pandemic.

Analysis and Data
Jul 14, 2021
CFPB Orders GreenSky To Refund $9M In Unauthorized Loans

The consent order requires GreenSky to refund or cancel up to $9 million in loans for the customers harmed by this illegal conduct.

Regulation and Compliance
Jul 13, 2021
CFPB Warns Landlords And Consumer Reporting Agencies To Report Accurate Rental Information

Inaccurate rental or eviction information can unfairly block families and individuals from safe, affordable housing.

Regulation and Compliance
Jul 01, 2021
FHFA Mandates Quarterly Fair Lending Reports

FHFA issued orders for all enterprises to submit quarterly Fair Lending Reports with data and information to improve the FHFA’s capabilities. 

Regulation and Compliance
Jul 01, 2021
FHFA Follows CFPB To Protect Borrowers Once COVID-19 Foreclosure And Eviction Moratoriums End

The Federal Housing Finance Agency made it clear that Fannie Mae and Freddie Mac servicers are not permitted to make first notice or filing for foreclosure that would be prohibited by the CFPB protections for borrowers affected by COVID-19.

Regulation and Compliance
Jun 30, 2021
CFPB Finds Evidence Of Redlining And Deceptive Acts In 2020

Enforcement actions resulted in more than $124 million in consumer remediation and civil money penalties in 2020

Regulation and Compliance
Jun 29, 2021