The typical cost for a lender to implement the TRID rule: $146 per unit, accounting for 2% of the average origination cost.

Some 147 institutions will benefit from the proposal, according to estimates by the CFPB.

This official speculated that perhaps Calabria was referring to the companies’ corporate culture before the financial crisis, when the politically connected secondary market giants were widely feared on Capitol Hill.

Tom Piercy of IMA: “Any type of additional regulatory discussion is problematic as it typically starts with the best of intentions and ends up with the worst of consequences.”

Another mortgage employment area badly in need of bodies is operations staff...

The rigid confines of the CFPB's LO comp rule continues to draw complaints from lending shops and their representatives in Washington...

In other words, all that chatter about an end to paper document is overblown.

In addition to prohibiting bulk sales of foreclosed properties, individuals and other entities will have a 45 day window after a foreclosure auction to beat the highest bid.

According to Black Knight, as of Sept. 22, 3.6 million mortgagors were in some type of relief program.