The pending implementation of the integrated disclosures rule is driving a sea change in at least two critical areas: technology innovation and regulatory expectation. Competency with the former will facilitate the fulfillment of the Consumer Financial Protection Bureau’s so-called TRID rule, according to speakers at the American Bankers Association’s recent regulatory compliance conference in Washington, DC. The rule, now scheduled to take effect Oct. 3, requires new consumer disclosures under the Truth in Lending Act and…
With same-sex marriage becoming law throughout the land, the question for the mortgage industry is how this would help the housing market. There is very little market research on homeownership rates among gays, lesbians, bisexuals, transgender and same-sex couples. But a recent survey by the National Association of Gay & Lesbian Real Estate Professionals found 54 percent of LGBT respondents own some type of real estate and, of those, 8 percent own a vacation home. In…
FBR Capital Markets analysts said the ruling allows the CFPB and the Department of Justice to retain their use of disparate impact under the Equal Credit Opportunity Act...
Wells Fargo was the top seller to Freddie Mac in 2Q with $12.6 billion, according to newly compiled figures from Inside Mortgage Finance, but BofA was a somewhat close second...
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