Some of the most well-known names in mortgage lending and servicing continue to deal with a variety of regulatory crackdowns and judicial disputes, some of which stem from the 2008 mortgage market collapse. In Massachusetts, HSBC has agreed to pay $4.1 million to resolve allegations that it violated state consumer protection laws by receiving commissions and other kickbacks from insurer Assurant Inc. relating to force-placed insurance policies that it procured for struggling homeowners in the state. Under the terms of the settlement, HSBC will provide...

Following up on limited guidance the Consumer Financial Protection Bureau issued in January on the disclosure of construction-to-permanent loans under the TRID integrated disclosure rule, CFPB officials this week participated in a webinar and provided some specific answers to a number of detailed questions they have received from the industry on the topic. A number of industry participants inquired, first of all, as to the kinds of options available to a lender for disclosing construction loans. Lenders have several possible ways to disclose construction loans under the integrated disclosure rule, according to Nick Hluchyj, senior counsel in the bureau’s office of regulations. “Regulation Z and Appendix D have...

But the news wasn't all good: After peaking at $280 billion in the third quarter of 2015 – an eight-year high – purchase-mortgage originations tumbled 25 percent in 4Q...

At the March 2 HFSC mark-up, Rep. Stivers said H.R. 2121 will make sure that loan officers are able to move between jobs with a minimal amount of disruption.

A warehouse executive, whose bank is based on the East Coast, noted that when a nonbank client loses money two quarters in a row, “it triggers certain [warehouse] covenants.”

“It’s clear from this survey and our discussions with bankers that TRID compliance remains a significant concern,” said ABA's Bob Davis.

Stonegate Mortgage, which lost $22.8 million during the first nine months of 2015, has yet to report fourth quarter results.

While industry participants continue to call for formal guidance from the CFPB regarding TRID defects, some predict that further help is unlikely at this time…

So far, only one of the two has released a position paper on housing issues (Hillary) while the other (Donald) should know quite a bit about housing, having constructed many condos and multifamily units in his day…

The rating service noted that originations of bank-statement loans tend to be non-qualified mortgages for self-employed borrowers.