Kaitlyn Cherry, licensing director and corporate counsel at Guild Mortgage, called for the creation of a temporary authority sponsorship acceptance period, among other improvements.
In an interpretive rule, the CFPB affirmed states’ ability to enforce fair credit reporting laws that reflect challenges and risks affecting their local economies and residents.
Monthly mortgage statements that contain language suggesting they are attempts to induce payment on a debt can be construed as a debt-related communication under the Fair Debt Collections Practices Act.
While affirming a district court ruling against CashCall, a three-judge panel of the Ninth Circuit Court of Appeals said the California-based lender’s behavior was reckless and justified higher penalties.
The appeals court found that an injunction against a former loan officer meant to enforce restrictive covenants was too vague, overbroad and improperly granted.
A new law will make it easier for Georgia mortgage lenders and brokers to hire former felons for work on out-of-state loans as long as the employee is located outside the state.
A controversial bill that would have included an explicit consideration of race and ethnicity in performance evaluations has been dramatically altered. Trade associations representing lenders are taking the credit.
The Foreclosure Abuse Prevention Act, if passed, would mean a servicer’s voluntarily halting of foreclosure litigation wouldn’t cancel the loan’s “acceleration.”
The Conference of State Bank Supervisors is optimistic it will avoid a repeat of the technical glitches that plagued the annual NMLS license renewal process last year.
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.
RSS