+//0A4v/9AID//QCc-Every industry is now feeling the effects of the public's appetite for mobile

National Mortgage Professional

Oct 21, 2014

and pulling up info on mortgage rates and brokers on the spot.+//0Awv/9AKA-Not having a mobile+AC0-optimized website is already starting to cost a company real business. Within a year

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Oct 21, 2014

Regulation and Compliance

CFPB Slaps Bank Of America With $12 Million Penalty For False Mortgage Data Reporting

For at least four years, hundreds of Bank of America loan officers failed to ask mortgage applicants certain demographic questions.

The Consumer Financial Protection Bureau (CFPB) issued a $12 million penalty against Bank of America for submitting inaccurate mortgage lending information to the federal government. The consent order issued Tuesday says that for a period of at least four years, Bank of Ame...

Regulation and Compliance

Rising Home Values Propel Higher Loan Limits

FHFA Announces 5.6% Increase in Conforming Loan Limits for 2024

The baseline conforming loan limit for one-unit properties under government-sponsored enterprise mortgages in 2024 will rise to $766,550, marking a 5.6% increase from the current limit. In high-cost areas, the GSE loan limit for one-unit properties will reach as high as $1.1...