The Consumer Financial Protection Bureau’s integrated-disclosure rule has been in effect for more than 18 months now, and industry compliance professionals still have a number of questions in need of answers as they await the issuance of the so-called TRID 2.0 rule from the agency. The rule had been expected in the first quarter of 2017, but to date, not a peep has been uttered by the agency as to the cause of the delay or when lenders might expect the final rule. The Treasury Department recently issued...

Wells Fargo Bank finds itself in yet another legal quagmire, accused of illegally making “stealth modifications” to mortgage payments of borrowers in bankruptcy without their permission – a charge the bank vehemently denies. A class-action lawsuit filed recently in the U.S. Bankruptcy Court for the Western District of North Carolina alleges that Wells Fargo made unauthorized mortgage modifications that neither the bankrupt debtors, their attorneys nor the bankruptcy court requested or approved. In some cases, 30-year loans were...

But before you can shout “Let’s make America great again” there are some caveats to consider...

Sen. Warner noted the Trump administration is committed to doing something about the GSEs…

“We can’t futz around until October,” said attorney Richard Andreano…

Georgetown University law professor Adam Levitin notes, “In other words, this just ain’t a big deal.”

Bottom line: Nonbank mortgage firms don’t want another regulator to answer to…

If there’s a TRID error, secondary market investors will not buy the loan or will pay less for it…

The problem is so bad that HUD is having trouble doing mathematical calculations…

FBR believes continued changes at FHA will benefit private mortgage insurers...