Prospects for New Home-Equity Lending Are Looking Up January 12, 2016 Thomas Ressler “Home-equity lending, for years the red-headed stepchild of our industry, is coming back into favor," said CoreLogic's Sam Khater.Read More
CFPB Seeks Public Comments on the Resubmission of Mortgage Lending Data January 8, 2016 Thomas Ressler Specifically, the bureau’s notice asks for public comment on the agency’s use of resubmission error thresholds and how they should be calculated.Read More
Industry Has Sit-Down with Cordray over CFPB’s TRID Rule January 7, 2016 Thomas Ressler Among the key TRID issues identified: continued software glitches, systems issues and confusion among technology vendors...Read More
CFPB Issues TRID ‘Clarifying’ Letter; GSEs Won’t Conduct ‘Routine’ Post Purchase Reviews December 30, 2015 Thomas Ressler The CFPB letter is aimed at preventing the secondary mortgage market from getting clogged up... Read More
CFPB Brings $3.1 Million Lawsuit Against Law Firm Over Debt Collection Practices December 29, 2015 Thomas Ressler No mortgage-related misconduct was alleged in the bureau’s latest action, but servicers shouldn’t take much comfort from the omission... Read More
Mortgage Tech Vendors Still Scrambling to Help Lenders with TRID December 22, 2015 Thomas Ressler The word from the American Bankers Association is this: LOS vendors are still very busy with basic compliance and basic form-population issues…Read More
Short Takes: How Many TRID Tech Updates? 99? / Ocwen Makes Another Payment / Rates Going Nowhere / Time for FHA Lenders to Use LEAP / Mortgage Exec Back With Guaranteed Rate December 22, 2015 Paul Muolo, Sherry Muolo, and Thomas Ressler At some lending shops, almost 100 TRID technology updates have been implemented...Read More
Four More Rate Hikes Coming from the Federal Reserve? December 18, 2015 Thomas Ressler Initial industry reaction to the rate hike was muted. Late this week, mortgage rates hardly budged...Read More
Look for TRID Compliance Exams by Mid-Year 2016; Fear of a Credit Crunch? December 17, 2015 Paul Muolo and Thomas Ressler The CFPB will scrutinize a lender's TRID training and, potentially its handling of early technical problems, said one webinar panelist...Read More
Industry Wins Limited Relief From CFPB Rules, Other Measures Pending December 16, 2015 Thomas Ressler Among other things, the language grants the CFPB greater flexibility to treat a balloon loan as a “qualified mortgage” if it was extended by a community bank or...Read More