A former bank president has been convicted of multiple counts related to several multimillion-dollar fraud schemes
A state commerce department has slapped a company with a hefty fine and instructed it to lower rates by 43% after finding that it overcharged customers for mortgage insurance
Several voices in the industry have joined in a collective cry to the CFPB to allow a grace period for TRID compliance.
Five years under Dodd-Frank will be marked by news stories updating the state of financial regulation but also lists of proposed amendments, says one industry player.
The eClosing pilot program, designed to test the effectiveness of providing homeowners with electronic files to better understand their closing documents, and streamline the closing process, has found another mortgage partner.
The CFPB has finalized the new effective date for the TILA-RESPA disclosure rule
Originators won’t know exactly how much more work will be required of them until the regulation passes, according to one leading industry player.
One originator is gung-ho about TRID and suggesting lenders should be embracing it and not shunning it.