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      <title>CFPB Floats Reducing Oversight of Nonbanks</title>
      <author>bivey@imfpubs.com</author>
      <description>
        <![CDATA[The bureau is considering raising the bar for triggering oversight of nonbanks in consumer reporting, consumer debt collection, automobile lending and international money transfers.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/235090</guid>
      <pubDate>Mon, 18 Aug 2025 13:06:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/235090-cfpb-floats-reducing-oversight-of-nonbanks</link>
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    <item>
      <title>CFPB Sues Auto Servicer for Illegal Repossessions</title>
      <author>smanas@imfpubs.com</author>
      <description>
        <![CDATA[The CFPB has accused USASF Servicing of illegally disabling consumers’ vehicles, failure to refund premiums, double-billing and incorrect repossessions.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/228534</guid>
      <pubDate>Mon, 07 Aug 2023 14:10:03 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/228534-cfpb-sues-auto-servicer-for-illegal-repos-other-claims</link>
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    <item>
      <title>CFPB Uncovers New ‘Junk Fee’ Charges by Mortgage Servicers</title>
      <author>smanas@imfpubs.com</author>
      <description>
        <![CDATA[In a special edition supervisory highlights report, the CFPB revealed old and new ways in which mortgage servicers are attempting to collect unlawful fees from borrowers.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/227203</guid>
      <pubDate>Mon, 20 Mar 2023 15:20:14 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/227203-cfpb-says-mortgage-servicers-charged-improper-late-fees-pmi-premiums</link>
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    <item>
      <title>CFPB Issues Data Collection Orders to Nine Auto Lenders</title>
      <author>smanas@imfpubs.com</author>
      <description>
        <![CDATA[The bureau is seeking data on the auto lenders’ originations, servicing and repossessions dating back to 2018.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/227123</guid>
      <pubDate>Mon, 06 Mar 2023 15:17:18 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/227123-cfpb-issues-data-collection-orders-to-nine-auto-lenders</link>
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    <item>
      <title>CFPB Proposes Registry of Terms and Conditions</title>
      <author>smanas@imfpubs.com</author>
      <description>
        <![CDATA[The bureau seeks to weed out one-sided terms and conditions included in contracts that consumers sign when purchasing a product or signing up for a service from a nonbank. House Financial Services Committee Chair Patrick McHenry, R-NC, slammed the proposal.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/226738</guid>
      <pubDate>Mon, 23 Jan 2023 14:41:48 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/226738-cfpb-proposes-registry-for-nonbank-t-and-cs-waiving-consumer-protections</link>
    </item>
    <item>
      <title>CFPB, NY Sue Auto Lender Over Unaffordable Loans</title>
      <author>smanas@imfpubs.com</author>
      <description>
        <![CDATA[The bureau and the New York Office of the Attorney General are suing Michigan-based auto lender Credit Acceptance Corp. over violations of federal and state consumer protection laws.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/226673</guid>
      <pubDate>Mon, 09 Jan 2023 14:17:26 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/226673-cfpb-ny-sue-auto-lender-over-unaffordable-loans-misleading-consumers</link>
    </item>
    <item>
      <title>CFPB Could Fine Wells Fargo $1 Billion, Again</title>
      <author>smanas@imfpubs.com</author>
      <description>
        <![CDATA[Wells Fargo and the CFPB are reportedly negotiating over violations in several lines of business at the megabank. Separately, Sen. Elizabeth Warren (D-MA) is continuing her effort to draw attention to fraudulent instant payments. ]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/226292</guid>
      <pubDate>Mon, 21 Nov 2022 15:28:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/226292-cfpb-could-fine-wells-fargo-1-billion</link>
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    <item>
      <title>Chopra Emphasizes Staying Ahead of Tech, Setting Norms</title>
      <author>smanas@imfpubs.com</author>
      <description>
        <![CDATA[CFPB Director Rohit Chopra explains how the bureau’s recent big moves are tied to his views on the functioning and regulation of consumer financial markets and products.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/225758</guid>
      <pubDate>Mon, 26 Sep 2022 14:12:02 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/225758-chopra-emphasizes-staying-ahead-of-tech-setting-norms</link>
    </item>
    <item>
      <title>CFPB Must Require Mods on All Loan Types, Law Professors Say </title>
      <author>news@imfpubs.com</author>
      <description>
        <![CDATA[A new academic report calls for the CFPB to require loan modifications on all types of consumer loans using an “ability to pay” standard.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/221928</guid>
      <pubDate>Mon, 19 Jul 2021 13:10:44 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/221928-law-professors-call-on-cfpb-to-allow-affordable-modifications-on-all-consumer-loans</link>
    </item>
    <item>
      <title>CFPB Ends 2020 With Three Enforcement Settlements</title>
      <author>news@imfpubs.com</author>
      <description>
        <![CDATA[Discover Bank has agreed to pay $35 million to settle student loan violations while Santander Consumer USA was fined $4.75 million for credit reporting miscues tied to auto loans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/220147</guid>
      <pubDate>Mon, 04 Jan 2021 13:30:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/220147-cfpb-ends-2020-with-enforcement-against-large-entities</link>
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    <item>
      <title>Other News in Brief</title>
      <author>news@imfpubs.com</author>
      <description>
        <![CDATA[Townstone Financial seeks to dismiss redlining lawsuit; CFPB settles with debt collectors and auto lenders; the bureau will hold a virtual town hall to discuss managing and protecting finances during difficult times.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/219565</guid>
      <pubDate>Mon, 26 Oct 2020 15:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/219565-other-news-in-brief</link>
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    <item>
      <title>MBA Says its Efforts Spurred Crackdown on VA Lenders</title>
      <author>news@imfpubs.com</author>
      <description>
        <![CDATA[The CFPB has brought eight enforcement actions, including six settlements and two lawsuits, in September alone. Four of the settlements resolve charges regarding sending deceptive mailers to veterans.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/219293</guid>
      <pubDate>Mon, 28 Sep 2020 14:55:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/219293-mba-takes-credit-for-cfpb-va-lender-crackdown</link>
    </item>
    <item>
      <title>Clean-Up Calls to Benefit Auto ABS Issuers and Investors; Seasoned Loans Go into New Issuance</title>
      <description>
        <![CDATA[Issuers of auto ABS will likely continue to complete clean-up calls on seasoned transactions even in a rising interest-rate environment, according to S&P Global Ratings. The rating service said clean-up calls yield a positive impact for auto ABS issuers and investors.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/213366</guid>
      <pubDate>Fri, 21 Dec 2018 00:00:00 -0500</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/213366-clean-up-calls-to-benefit-auto-abs-issuers-and-investors-seasoned-loans-go-into-new-issuance</link>
    </item>
    <item>
      <title>Supervisory Guidance Will Not Lead To Enforcement, Agencies Say</title>
      <description>
        <![CDATA[The CFPB, together with four other federal agencies, last week affirmed it will not take enforcement action based on supervisory guidance. The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corp., National Credit Union Administration, Office of the Comptroller of the Currency and the CFPB said supervisory guidance does not have the force and effect of law and cannot lead to enforcement actions. “Examiners will not criticize a supervised ...]]>
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      <guid>http://www.insidemortgagefinance.com/articles/212482</guid>
      <pubDate>Mon, 17 Sep 2018 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/212482-supervisory-guidance-will-not-lead-to-enforcement-agencies-say</link>
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    <item>
      <title>Fewer Investor Protections Seen in Current Subprime Auto Loan ABS Deals Compared to 1990s Issuances</title>
      <description>
        <![CDATA[There are fewer structural protections in today’s speculative-grade securities backed by subprime auto loans compared to below-investment grade issuances in the 1990s, according to an S&P Global  analysis of the subprime auto loan ABS sector.]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/212206</guid>
      <pubDate>Fri, 17 Aug 2018 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/212206-fewer-investor-protections-seen-in-current-subprime-auto-loan-abs-deals-compared-to-1990s-issuances</link>
    </item>
    <item>
      <title>Republican Lawmaker Asks CFPB To Limit the Effect of Guidance</title>
      <description>
        <![CDATA[A House Republican asked the CFPB to stop so- called regulation by enforcement and to clarify the use and role of the guidance it has issued. Rep. Blaine Luetkemeyer, R-MO, recently sent a letter to six agencies, including the CFPB, expressing concerns that guidance that does not go through notice-and-comment rulemaking has been used as the basis of enforcement actions. “Many of my colleagues and I hear frequently from financial institutions that guidance promulgated ...]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/211715</guid>
      <pubDate>Mon, 25 Jun 2018 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/211715-republican-lawmaker-asks-cfpb-to-limit-the-effect-of-guidance</link>
    </item>
    <item>
      <title>House Votes to Kill Auto Lending Guidance, Payday May Survive</title>
      <description>
        <![CDATA[The House last week voted to kill the CFPB’s auto lending guidance, but the chances of a similar override of the bureau’s payday rule are fading, attorneys said. In a 234-175 vote, the House repealed Obama-era CFPB guidance on indirect auto lending that subjected auto dealers and others to liability for discriminatory price markups. The Senate passed the Congressional Review Act resolution last month, and President Trump is expected to sign the rollback. Congress used the CRA ...]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/211316</guid>
      <pubDate>Mon, 14 May 2018 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/211316-house-votes-to-kill-auto-lending-guidance-payday-may-survive</link>
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    <item>
      <title>Senate Votes to Repeal CFPB Auto Lending Guidance</title>
      <description>
        <![CDATA[The Senate voted 51-47 to block guidance issued by the CFPB five years ago that said indirect auto lenders can be subject to liability for discriminatory pricing markups. The Congressional Review Act resolution introduced by Sen. Jerry Moran, R-KS, late last month was passed with the help of one Democrat, Sen. Joe Manchin, D-WV. The vote generally went along party lines. The five-page bulletin, titled “Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act ...]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/211180</guid>
      <pubDate>Mon, 30 Apr 2018 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/211180-senate-votes-to-repeal-cfpb-auto-lending-guidance</link>
    </item>
    <item>
      <title>Other News in Brief: Complaint Database; Wells Fargo $1B Fine</title>
      <description>
        <![CDATA[Mick Mulvaney Wants to Hide Consumer Complaints from Public View. Acting CFPB Director Mick Mulvaney said last week that he wants to shut down public access to the CFPB’s consumer complaint database. “I don’t see anything in here that says I have to have a Yelp run by the federal government,” he said at an American Bankers Association event. Consumer Groups Say the Wells Fargo $1 Billion Fine a Flawed Settlement. The CFPB recently has fined [Includes two briefs] ...]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/211185</guid>
      <pubDate>Mon, 30 Apr 2018 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/211185-other-news-in-brief-complaint-database-wells-fargo-1b-fine</link>
    </item>
    <item>
      <title>CFPB and OCC Seek $1 Billion Settlement From Wells Fargo</title>
      <description>
        <![CDATA[The CFPB and the Office of the Comptroller of the Currency are seeking an aggregate of $1 billion from Wells Fargo to settle abuse allegations tied to its auto lending and home mortgage businesses, the megabank disclosed in its first quarter 2018 earnings report late last week. The auto lending violations center on collateral protection insurance policies the bank sold to customers between October 2005 and September 2016. Wells estimated $145 million in cash remediation and $37 million ...]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/211046</guid>
      <pubDate>Mon, 16 Apr 2018 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/211046-cfpb-and-occ-seek-1-billion-settlement-from-wells-fargo</link>
    </item>
    <item>
      <title>Other News in Brief: Mortgage Servicing Guidance, Auto Lending, Florida Payday Rules</title>
      <description>
        <![CDATA[CFPB Upgrades Mortgage Servicing Small Entity Compliance Guide. The CFPB has released version 3.1 of its mortgage servicing Small Entity Compliance Guide. The SECG provides a summary of the agency’s 2016 final mortgage servicing rule, which goes into effect April 19. The revised guide incorporates an amendment to the rule released earlier this month, which replaces the previous single-billing-cycle exemption with a single-statement exemption for mortgage servicers ... [Includes three briefs]]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/210915</guid>
      <pubDate>Mon, 02 Apr 2018 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/210915-other-news-in-brief-mortgage-servicing-guidance-auto-lending-florida-payday-rules</link>
    </item>
    <item>
      <title>DBRS Tops in Non-Agency MBS Ratings In First Half of 2017, S&amp;P Reigns in ABS</title>
      <description>
        <![CDATA[S&P Global ranked as the top rating service in the non-mortgage ABS market during the first half of 2017, with strong market shares in the major asset categories, according to a new ranking and analysis by Inside MBS & ABS. S&P rated $69.54 billion of ABS issued in the first half of the year, roughly 60.1 percent of total issuance by dollar volume. For all of 2016, the company finished second in ABS ratings with a 53.6 percent share of the market. S&P had...[Includes two data tables]]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/209177</guid>
      <pubDate>Fri, 29 Sep 2017 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/209177-dbrs-tops-in-non-agency-mbs-ratings-in-first-half-of-2017-s-p-reigns-in-abs</link>
    </item>
    <item>
      <title>Exceptionally Strong Liquidity for MBS and ABS As Investor Demand for Securities Outpaces Supply</title>
      <description>
        <![CDATA[MBS and ABS investors have more cash than they know what to do with, according to participants at the ABS East conference sponsored by Information Management Network this week. “Liquidity is strong across the spectrum and probably the best we’ve ever seen for structured products,” said Scott Levy, a senior managing director at Guggenheim Securities. He noted that three years ago, some of the securities the firm was involved with had 15 investors; now, similar deals might have 70 investors. “There’s a lot of demand and a lot less supply,” Levy added. More than 4,100 people registered...]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/209100</guid>
      <pubDate>Fri, 22 Sep 2017 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/209100-exceptionally-strong-liquidity-for-mbs-and-abs-as-investor-demand-for-securities-outpaces-supply</link>
    </item>
    <item>
      <title>Methods Used to Comply With Risk-Retention Rules  Vary Among ABS Asset Classes, Moody’s Finds</title>
      <description>
        <![CDATA[Issuers of ABS are utilizing diverse structures to comply with the risk-retention requirements of the Dodd-Frank Act, according to a new sector commentary by analysts at Moody’s Investors Service. “Although securitization sponsors’ retention of portions of their own deals in general is credit positive … the rules have effectively just formalized prior common industry practices for many consumer ABS subsectors. This confirms our initial stance that the rules are only marginally credit positive for this sector,” said Vice President and Senior Analyst Yan Yan and Vice President and Senior Credit Officer Jingjing Dang. “That said, the methods of compliance that have emerged among ABS asset classes since the rules went into effect in December have varied.” Their first take-away is...]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/209047</guid>
      <pubDate>Fri, 15 Sep 2017 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/209047-methods-used-to-comply-with-risk-retention-rules-vary-among-abs-asset-classes-moody-s-finds</link>
    </item>
    <item>
      <title>Bank ABS Holdings Drift Lower Again in 2Q17 Despite Continued Growth in Outstanding Supply</title>
      <description>
        <![CDATA[Commercial banks and savings institutions have been steadily adding to their residential MBS portfolios, but they show significantly less interest in the non-mortgage ABS market. Total bank investment in non-mortgage ABS sank again in the second quarter, dropping by $5.05 billion from the end of March to $118.38 billion. Compared to a year ago, bank ABS holdings were down 9.6 percent and they’ve been in steady decline since the end of 2013. It’s...[Includes two data tables]]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/208849</guid>
      <pubDate>Fri, 25 Aug 2017 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/208849-bank-abs-holdings-drift-lower-again-in-2q17-despite-continued-growth-in-outstanding-supply</link>
    </item>
    <item>
      <title>Despite Mounting Signs of Trouble in Auto Market, Fundamentals are Solid, Investors are Protected</title>
      <description>
        <![CDATA[Even though indications of stress in the U.S. auto market are proliferating, risks in the auto loan ABS sector are still under control and investors are protected by healthy levels of credit enhancement, according to industry analysts. “Despite late-cycle indicators continuing to garner headlines – softer used-car pricing, rising inventories, weakening headline seasonally adjusted annual sales, and rising loan losses – we remain comfortable with auto loan ABS fundamentals,” according to a new report from Kroll Bond Rating Agency. KBRA did concede...]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/208855</guid>
      <pubDate>Fri, 25 Aug 2017 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/208855-despite-mounting-signs-of-trouble-in-auto-market-fundamentals-are-solid-investors-are-protected</link>
    </item>
    <item>
      <title>Lawmakers Introduce Bills to Override Madden Ruling on Interest Rates for Loans That are Sold</title>
      <description>
        <![CDATA[In a move that would benefit the secondary market for loans made by national banks, members in the Senate and the House of Representatives recently introduced legislation to clarify that interest rates on certain loans remain unchanged after the sale or transfer of the loan. In the Senate, Democrat Mark Warner of Virginia late last week introduced S. 1642, which would amend the National Bank Act to clarify that loans which are valid when made remain valid when they’re sold, even to buyers subject to different state law. Similar language would be added to the Home Owners’ Loan Act, the Federal Credit Union Act, and the Federal Deposit Insurance Act. Joining Warner in sponsoring the bill were...]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/208650</guid>
      <pubDate>Fri, 04 Aug 2017 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/208650-lawmakers-introduce-bills-to-override-madden-ruling-on-interest-rates-for-loans-that-are-sold</link>
    </item>
    <item>
      <title>Surge in Business-Finance Sector Boosts Non-Mortgage ABS Issuance in 2Q17</title>
      <description>
        <![CDATA[A sharp increase in business-finance ABS issuance offset declines in other sectors to lift overall ABS production during the second quarter of 2017, according to a new Inside MBS & ABS analysis and ranking. The market produced $59.31 billion of new non-mortgage ABS during the second quarter, an 11.1 percent increase over the first three months of the year. That brought year-to-date issuance up to $112.68 billion, a 30.4 percent gain over the first six months of 2016. The star performer was...[Includes two data tables]]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/208503</guid>
      <pubDate>Fri, 21 Jul 2017 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/208503-surge-in-business-finance-sector-boosts-non-mortgage-abs-issuance-in-2q17</link>
    </item>
    <item>
      <title>ABS Investors May Turn to ‘Moneyball’ Tactics  With the Fed Expected to Increase Interest Rates</title>
      <description>
        <![CDATA[ABS investors could see strong returns by employing the “Moneyball” strategy pioneered in Major League Baseball by the Oakland Athletics, according to analysts at Wells Fargo Securities. The strategy, detailed in a book and movie, focuses on certain statistics that managers of the Athletics thought were undervalued by other teams. Wells said the theory can be adapted to the ABS market, with an emphasis on deals that can reliably hit “singles” instead of potentially risky investments that aim for home runs. “With interest rates low and ABS spreads reasonably tight, many market participants are...]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/208435</guid>
      <pubDate>Fri, 14 Jul 2017 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/208435-abs-investors-may-turn-to-moneyball-tactics-with-the-fed-expected-to-increase-interest-rates</link>
    </item>
    <item>
      <title>VA Seeks Continued Use of Form Allowing Lenders to Auto-Close</title>
      <description>
        <![CDATA[The Department of Veterans Affairs is seeking approval from the Office of Management and Budget to continue collecting information considered crucial in approving certain lender requests to close VA loans automatically. Currently, non-supervised VA lenders requesting approval to close VA loans on an automatic basis use VA Form 26-8736 to submit the information needed for VA approval. Upon receiving the form, the appropriate VA regional loan center processes and evaluates the information. Without the required data, VA would not be able to determine if a non-supervised lender is qualified for automatic loan processing. The required data include, among other things, a resume of each principal officer’s experience in mortgage lending in a managerial capacity and the latest financial statements audited and certified by a certified public accountant. The form also requires a listing of all  ... ]]>
      </description>
      <guid>http://www.insidemortgagefinance.com/articles/208393</guid>
      <pubDate>Fri, 07 Jul 2017 00:00:00 -0400</pubDate>
      <link>https://www.insidemortgagefinance.com/articles/208393-va-seeks-continued-use-of-form-allowing-lenders-to-auto-close</link>
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