Regulation Z Problems Emerging, Fed Urged to Rethink HPML Rules
November 9, 2009
Truth in Lending Act regulations pertaining to “higher-priced mortgages” are causing many lenders to cut back on their lending because “far too many prime loans” are coming under the definition, warned the American Bankers Association. In a recent letter, the ABA urged the Fed to reconsider changes to Regulation Z, which implements TILA, involving higher-priced mortgage loans, or HPMLs...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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