Wells Fargo Bank and Prospect Mortgage announced Thursday their intentions to withdraw from marketing activities that depend on marketing services agreements due to regulatory uncertainty and Real Estate Settlement Procedures Act interpretations.
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Survey: Loan Production Costs Expected to Rise
With less than one year left before the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) disclosure rule goes live, a new survey finds more lenders are battling with increased loan costs as quality control becomes the top concern.
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