The CFPB’s potential rescission of the LO compensation rule won’t fully exempt mortgage companies from the rule’s requirements, according to an industry attorney.
Population density, the type of lender and creditworthiness all appear to be factors affecting denial rate disparities between same-sex and opposite-sex couples applying for loans.
Starting in March 2026, residential mortgage protections will apply to Property Assessed Clean Energy loans. Mortgage industry groups and consumer advocates applauded the move.
The Mortgage Bankers Association hosted experts in artificial intelligence at its annual convention this week to help familiarize attendees with the opportunities AI will bring to their businesses.
More fair lending enforcement actions and investigations could come up over the next few months ahead of potential changes in the political landscape, according to Richard Horn, co-partner at the law firm of Garris Horn.
Interest rates continue to be the top priority for borrowers when choosing a mortgage lender, according to a study by Corporate Insight, but borrowers also value interest rate locking options and rate matching.