Compliance | National Mortgage Professional Magazine
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Compliance

Having just reached the milestone of 1,600 members, the Association of Residential Mortgage Compliance Professionals (ARMCP) is now also nearing completion of its new Web site, a state-of-the-art site designed specifically to fulfill the needs of residential mortgage compliance professionals. The... Keep Reading....
Mick Mulvaney, the Acting Director of the Consumer Financial Protection Bureau (CFPB), is continuing to push back against complaints from within his agency regarding an official who was revealed to be the author of anonymous blog postings in 2004 that man
Mick Mulvaney, the Acting Director of the Consumer Financial Protection Bureau (CFPB), is continuing to push back against complaints from within his agency regarding an official who was revealed to be the author of anonymous blog postings in 2004 that many considered to be racially insensitive.  ... more
The latest mortgage industry data offered downward movement in regard to rates and home loan applications
Question: If one of loan officer needs to price a loan lower than what our company normally requires in order for the officer to be eligible for compensation, could an “internal referral” of the loan be made to a non-commissioned loan officer/manager who then pays the originating loan officer a... more
HSBC has reached definitive agreement with the Department of Justice that resolves charges related to the underwriting, issuance and securitization of residential mortgage-backed securities (RMBS) from between 2005 and 2007
HSBC has reached definitive agreement with the Department of Justice that resolves charges related to the underwriting, issuance and securitization of residential mortgage-backed securities (RMBS) from between 2005 and 2007.   The settlement requires HSBC North America Holdings Inc. to pay a $765... more
The Tennessee Mortgage Bankers Association (TNMBA) has selected the participants for its inaugural class of the “Future Leaders Academy.”
The Tennessee Mortgage Bankers Association (TNMBA) has selected the participants for its inaugural class of the “Future Leaders Academy.”   “Creating this program ensures that TNMBA will continue to have trained, informed, and equipped leaders from across Tennessee in the future. It is a... more