The Credit Union National Association (CUNA) recently announced that it has selected Quantivate to provide a new technology platform that will act as a comprehensive compliance solution for credit unions.
Read More
The Credit Union National Association (CUNA) recently announced that it has selected Quantivate to provide a new technology platform that will act as a comprehensive compliance solution for credit unions.
Read MoreTopics: Credit Union, Compliance, Regulations, technology
The Federal Reserve recently issued a proposal that would ease regulations on larger financial institutions with less than $700 billion in assets and has opened a public comment period regarding said proposal through January 22, 2019.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Compliance, Regulations
The National Credit Union Administration’s (NCUA) Board announced that it has approved a proposed rule that would amend the administration’s real estate appraisal requirements for certain transactions.
Read MoreTopics: Credit Union, Appraisal Process Management, Compliance, Regulations, Commercial, AMCs, Appraisers, proposals
In an effort to prevent further losses to its Mutual Mortgage Insurance Fund (MMIF), the FHA recently announced that it will begin requiring lenders originating Home Equity Conversion Mortgages (HECMs) to provide a second property appraisal in cases where the agency determines that there may be inflated valuations.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Compliance, Regulations, Appraisal Process Management, residential mortgage industry, AMCs, Appraisers
Senators Mark Warner (D-VA) and Mike Rounds (R-SD) recently introduced bi-partisan legislation that’s designed to help creditworthy borrowers with non-traditional forms of income better qualify for a mortgage.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, Compliance, Regulations, proposals, Dodd-Frank Act
The CFPB recently announced that it will begin working in collaboration with 11 financial regulators from across the world on fintech regulation efforts – known as the Global Financial Innovation Network (GFIN).
Read MoreTopics: Lenders, AMCs, Mortgage Companies, Credit Union, Appraisers, servicers, CFPB, Compliance, Regulations, technology
HousingWire recently reported that the Trump Administration has called for a series of changes to the country’s financial and mortgage ecosystems. If realized, these changes would speed up the financial industry’s tech revolution and revise the current regulatory environment.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, AMCs, Appraisers, Regulations, Compliance, proposals, technology, servicers
With the ECOA Appraisal Rule in effect for some time now, many within the mortgage industry understand the importance of delivering their appraisal reports to the borrower on time, every time.
Read MoreTopics: Lenders, Credit Union, Mortgage Companies, Compliance, Regulations, Appraisal Process Management, eTrac Enterprise Solutions, appraisal technology, technology, collateral management
The Appraisal Institute recently announced that Pennsylvania Governor Tom Wolf signed HB 863, which will allow the state’s real estate brokers, associate brokers, and salespeople to provide Broker Price Opinions (BPO) as of August 28, 2018. That said, the new law places significant restrictions on these individuals and limits the situations under which they may perform BPOs.
Read MoreTopics: Lenders, Mortgage Companies, Credit Union, residential mortgage industry, Compliance, Regulations, Short Sales, technology
The Bureau of Consumer Financial Protection (BCFP) recently issued a statement that contains guidelines on the partial exemptions for small banks and credit unions under the Home Mortgage Disclosure Act (HDMA) rules of the amended Dodd-Frank Act.
Read MoreTopics: Lenders, Credit Union, Mortgage Companies, CFPB, Dodd-Frank Act, Regulations, residential mortgage industry, Compliance
Stay Connected via Email
