Lenders are no longer under orders to keep a sharper lookout for appraisal bias or have a process for helping borrowers who suspect appraisal bias to ask for a 'reconsideration of value'
In his 1st act as interim Consumer Financial Protection Bureau director, Scott Bessent froze action on all rules and litigation. Here's what that potentially means for the mortgage industry
Vanderbilt Mortgage, which also does business as Silverton Mortgage, is accused by CFPB of approving loans that it knew, or should have known, borrowers couldn't repay
Federal regulations provide 'zero tolerance' for miscalculating real estate transaction taxes when providing TILA-RESPA integrated disclosure to borrowers, Black Knight warns
What the experts are saying
The new Closing Disclosure will remove a lot of the buyer's anxiety from the home-buying process
The forms, possible waiting periods and new roles all laid out for you
Plus why you should care and how you can help your clients get ready for TRID
Proposed order seeks $19 million in redress and civil penalties for alleged illegal loan officer compensation scheme
RMK Financial’s marketing falsely claimed mortgage products were endorsed by VA and FHA, bureau says
RESPA, TILA can come into play when doing business on sites like Facebook
Federal regulators seek industry input on design
Fed says loan officer pay can't be based on loan terms