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Articles Tagged with ''mortgage lenders''

LO Comp Rule Compliance Crucial in Spite of CFPB Pullback

September 15, 2025
Shannon Clark
The CFPB’s potential rescission of the LO compensation rule won’t fully exempt mortgage companies from the rule’s requirements, according to an industry attorney.
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Same-Sex Couples Face Higher Denial Rates for Mortgages

April 28, 2025
Shannon Clark
Population density, the type of lender and creditworthiness all appear to be factors affecting denial rate disparities between same-sex and opposite-sex couples applying for loans.
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CFPB Issues Final Rule on Residential PACE Lending

January 2, 2025
Shannon Clark
Starting in March 2026, residential mortgage protections will apply to Property Assessed Clean Energy loans. Mortgage industry groups and consumer advocates applauded the move.
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Get Comfortable With AI, Mortgage Industry Urged

November 1, 2024
Monica Hogan
The Mortgage Bankers Association hosted experts in artificial intelligence at its annual convention this week to help familiarize attendees with the opportunities AI will bring to their businesses.
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Todman Rallies Lenders to Support First-Time Homebuyers

October 31, 2024
Monica Hogan
HUD’s acting secretary said many younger Americans don’t believe they will have the same housing opportunities as their parents.
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HUD Leader Calls for Bold Action on Homeownership

October 29, 2024
Monica Hogan
HUD Secretary Adrianne Todman rallied lenders at the Mortgage Bankers Association's annual convention.
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Fairway Settles CFPB, DOJ Lawsuit Over Redlining

October 21, 2024
Shannon Clark
More fair lending enforcement actions and investigations could come up over the next few months ahead of potential changes in the political landscape, according to Richard Horn, co-partner at the law firm of Garris Horn.
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DOJ Reaches its First Redlining Settlement With a Credit Union

October 17, 2024
Shannon Clark
Citadel Federal Credit Union said the alleged redlining was an inadvertent outcome from its push into digital services.
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OceanFirst Bank Settles Redlining Charges With HUD, DOJ

September 23, 2024
Shannon Clark
The bank will create a $14 million fund to boost credit access and mortgage services in areas where it allegedly engaged in redlining.
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Interest Rates, Lender Reputation Top Priorities for Borrowers

August 23, 2024
Shannon Clark
Interest rates continue to be the top priority for borrowers when choosing a mortgage lender, according to a study by Corporate Insight, but borrowers also value interest rate locking options and rate matching.
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