"Confusion abounds regarding the scope of RESPA after the CFPB takes action against alleged mortgage kickbacks. New enforcement could catch firms off guard, with many unaware of the alterations to compliance demands."
This meta description informs readers of the CFPB's lawsuit against Freedom Mortgage for alleged violation of the HMDA and the terms of the Consent Order. Discover how private lenders can stay informed of the potential impacts of this case on the mortgage industry.
A recent Fannie Mae Home Purchase Sentiment Index (HPSI) survey confirms affordability and credit availability remain major issues for prospective homebuyers despite improved buyer sentiment. Effective solutions to improve affordability remain key for helping Americans realize their homeownership dreams in the near future.
This meta description provides an inside look at the current debate at the next frontier of mortgage industry regulation - the Joint Venture business model. Learn why industry opinion is divided on the potential pros and cons of this model, and find out what regulating it could mean for consumers.
An innovative solution that benefits mortgage brokers and processors: UWM's PA+ service enhancement brings flexibility to the loan-selection process. Enjoy more streamlined loan processing with the ability to customize what tasks a lender's loan coordinator handles.
A mortgage industry expert summarizes the latest news on the violent job recession bear market—one that private lenders must be aware of. Learn how the Honey Badger labor market has put a new spin on unemployment and labor market growth.
"Wholesale channel representatives have criticized the high loan buyback volumes from GSEs Fannie Mae and Freddie Mac, despite a shrinking mortgage market. Gain insight into this issue with our industry expertise; advice without the sales pitch!"
Recent data show that mortgage application fraud declined by 3.1% in Q2 of 2023 when compared to the second quarter of 2022. Study results from CoreLogic validate the importance of continued compliance and monitoring of loans to prevent loan origination fraud and abuse. Get the facts now to stay ahead of the curve.
"Troy Palmquist and his team of nearly thirty agents at DOORA Properties are making the big move to eXp Realty! With a wealth of experience, mortgage industry expertise, and a commitment to helping clients make smart investment decisions, the team is well-equipped to join the real estate heavyweight. Experience the top-tier services of Troy Palmquist and his team!"
This summary concisely relays the news that 3 senior leaders from Optimal Blue, a firm recently acquired by Constellation Software, have moved on. Discover the implications of this corporate shift and their potential effects on the Mortgage Industry.