The National Association of Mortgage Field Services has created a Compliance Working Group with the goal of standardizing compliance for the mortgage field services industry,
Read More »CFPB: TRID, HMDA, and Servicing Rules Updates
In a recent report to Congress, the Consumer Financial Protection Bureau highlighted the steps it has taken to assist the industry with transitions for TRID as well as the updates to the Home Mortgage Disclosure Act and the new mortgage servicing rules.
Read More »The Potential Effect of Low Interest Rates on Banks
The low interest rate environment, which has been the Fed’s mode of operation for much of the last decade, has been instrumental in stabilizing the U.S. financial system. But if it continues, it could adversely affect financial institutions, according to a Fed Governor.
Read More »Industry Sounds Off on Pending Carson Hearing
The question of whether the U.S. Senate will confirm Dr. Ben Carson as the new HUD Secretary will likely be answered on Thursday, January 12. What did stakeholders in the industry have to say about how the former presidential candidate would handle the Department if he is confirmed?
Read More »FHA Reduces Mortgage Insurance Premiums
For the first time in two years, the Federal Housing Administration has lowered its annual mortgage insurance premiums paid by most borrowers in an effort to expand homeownership and save money for existing borrowers.
Read More »Some Markets Go from Hardest Hit to Healthiest
Eight years has made all the difference in several single-family housing markets that were affected most by the recession. Many of these markets now rank among the healthiest, one analysis reported.
Read More »Reps. Luetkemeyer, Duffy Among New Subcommittee Heads
Reps. Blaine Luetkemeyer from Missouri and Sean Duffy from Wisconsin will be assuming new positions as heads of Subcommittees in the House Financial Services Committee for the 115th Congress.
Read More »First American Completes Integration with LoanLogics
First American Mortgage Solutions announced that it has completed its integration with LoanLogics’ LoanHD platform, quality management technology that provides real-time loan quality reporting and best practice audit workflows.
Read More »Rising Wages Are a Good Thing . . . Or Are They?
The headline numbers were lower than expected for the latest Employment Situation from the Bureau of Labor Statistics. The report contained a bright spot, however, in hourly wage gains. How will wage growth affect housing going forward?
Read More »Pending Home Sales at Lowest Level in a Year
The ongoing inventory shortage is having an adverse effect on contract signings for homes, according to the National Association of Realtors.
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