The FHFA has released its 2018 Report to Congress, which includes commentary from Director Mark Calabria that encourages Congress to act on housing reform, requests chartering authority similar to the OCC, and discusses the GSEs’ conservatorship – advising that it should end.
Read MoreTopics: Freddie MAC, GSE, Fannie Mae, Lenders, Mortgage Companies, Compliance, residential mortgage industry, Regulations, Credit Union
Earlier this year, LendingTree® released a report that compared today’s housing market with that of 2009’s – shortly after the housing crisis began.
Read MoreTopics: Lenders, Appraisers, AMCs, Mortgage Companies, residential mortgage industry, Credit Union
Staff efficiency, order and vendor management, turn-times, and overhead costs are all negatively impacted when utilizing a valuation management platform that has gaps in its automation and functionality.
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, eTrac Enterprise Solutions, AMCs, Mortgage Companies, residential mortgage industry, Appraisal Process Management, Credit Union
A new bill, known as the Fair and Equal Housing Act of 2019, was recently introduce to the U.S. Senate by Senators Tim Kaine (D-VA), Susan Collins (R-ME), and Angus King (I-ME). If passed, the legislation would expand the country’s Fair Housing Act to include gender identity and sexual orientation as protected classes.
Read MoreTopics: Lenders, Mortgage Companies, Compliance, Regulations, Credit Union
Many within the mortgage origination process understand the ECOA Appraisal Rule and the added importance of delivering their appraisal reports to the borrower on time, every time.
Read MoreTopics: Lenders, appraisal technology, collateral management, eTrac Enterprise Solutions, Mortgage Companies, Global DMS, Compliance, residential mortgage industry, Regulations, Appraisal Process Management, Credit Union
The U.S. Department of Housing and Urban Development (HUD) recently announced that it has awarded an additional $15 million in grants to help fight housing discrimination.
Read MoreTopics: Lenders, Mortgage Companies, Compliance, residential mortgage industry, Regulations, Credit Union
The CFPB recently announced changes to its Civil Investigative Demands (CIDs) policy to ensure they provide more information about the potentially wrongful conduct that is under investigation. To recap, the Bureau uses this policy when issuing subpoenas to companies who are under investigation for possible violations.
Read MoreTopics: Lenders, AMCs, Mortgage Companies, Compliance, Regulations, CFPB, Credit Union
Does your commercial appraisal software truly provide the functionality you need? More importantly, does it fit your unique business model and allow you to close your commercial loans as efficiently as possible?
Read MoreTopics: Lenders, appraisal technology, Vendor Management, collateral management, Mortgage Companies, Global DMS, technology, Mortgage Industry Conferences, Conferences, Trade Shows, Appraisal Process Management, Credit Union, EVO-C, Commercial
Facebook recently announced some major changes to its advertising platform after being accused of enabling discrimination. The social media giant has faced years of scrutiny over its ad practices, which appeared to allow advertisers to exclude certain individuals from seeing housing, employment, and/or lending ads.
Read MoreTopics: Lenders, Mortgage Companies, Compliance, residential mortgage industry, Social Media, Credit Union
In its latest “Appraiser Update” newsletter, Fannie Mae discussed its ongoing modernization efforts and how it has begun testing new processes and technologies in the collateral risk management space.
Read MoreTopics: GSE, Fannie Mae, Lenders, Appraisers, AMCs, Mortgage Companies, residential mortgage industry, Newsletters, Credit Union
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