Credit unions want reforms for CFPB; CFPB, states take action against firm offering point of sale financing; CFPB warns on college tuition payment plans; updates to NMLS policy guidebook; MISMO offers best practices for servicing transfers.
High failure rates for lenders trying to implement new edits to certain fee disclosure requirements in Phase 3B of the Uniform Closing Database persuaded Fannie and Freddie to postpone those changes.
As severe weather events batter major housing markets, borrowers are finding it difficult and expensive to obtain homeowners insurance, according to panelists at a Mortgage Bankers Association conference.
Michael Nouguier, chief information security officer at Richey May, said the public-facing nature of loan officers’ work can expose them to targeted attacks.
A new white paper from the Mortgage Bankers Association underscores the financial advantages of originators and servicers that focus on loans with a higher average loan balance.