Although the TILA-RESPA Integrated Disclosure rule was created to make the homebuying process simpler and easier, a ClosingCorp survey suggests that experienced buyers are encountering ‘unexpected costs, fees and surprises’
American Bankers Association survey says banks are struggling under the compliance burden — and it’s trickling down to consumers
The organization will offer regulatory compliance education services to brokers and agents
But it may not be the guidance the industry’s been hoping for
As the Rocket Mortgage Super Bowl ad awakens mortgage crisis nightmares for some critics, Quicken Loans’ parent company releases RocketLoans
Various government regulators allege the bank had shoddy mortgage servicing and foreclosure activity oversight
And what agents can do about it
ComplianceEase’s VOE Xpress tool helps lenders comply with ATR/QM rule and investor requirements
Class-action RESPA lawsuit questions timing of companies’ recent amendments to strategic relationship agreement
TRID errors cause delays
Two months into the new mortgage disclosure regime, real estate industry assesses how the complex regulations are affecting mortgage applications, closing times and relationships with industry partners
What people have been seeing since Oct. 3
Center control is a valuable strategy in either scenario
As of October, the way homebuyers and sellers apply for a mortgage has changed
Companies adjust certain provisions of their strategic relationship agreement