DougS

Simplifying Mortgage Regulations: A Path to Lower Costs?

In his annual letter to shareholders, Jamie Dimon, CEO of JPMorgan Chase, has once again spotlighted the intricate web of…

1 year ago

Will the CFPB Survive? You decide.

The Consumer Financial Protection Bureau (CFPB) has long been a powerful force in regulating financial institutions, but its future is…

1 year ago

Opportunities Ahead! How Rising Mortgage Rates Are Reshaping the Housing Market

The U.S. housing market is undergoing a major shift as more homeowners find themselves locked into mortgage rates of 6%…

1 year ago

CFPB Proposes New Rules to Prevent Foreclosures: What Mortgage Servicers Need to Know

Homeowners struggling with mortgage payments may soon have stronger protections under new rules proposed by the Consumer Financial Protection Bureau…

2 years ago

Texas Strengthens Mortgage Borrower Protections: Key Updates for Lenders and Servicers

Texas is taking a firm stance on mortgage borrower protections with newly adopted rules set to take effect on November…

2 years ago

Home Equity Contracts Under Scrutiny: Why Lenders Can’t Dodge the Law

Homeowners seeking financial flexibility often turn to home equity products, but not all options are created equal. The Consumer Financial…

2 years ago

What Are the HUD New Loss Mitigation Requirements?

In 2024, the U.S. Department of Housing and Urban Development (HUD) unveiled new loss mitigation requirements to assist homeowners with…

2 years ago

How to Fix Common Issues Associated with Mortgage Call Reports

Navigating the complexities of mortgage call reporting can be a daunting task for many financial institutions. Filing these reports accurately…

2 years ago

What Are the Updated HUD Cyber Incident Reporting Requirements for Lenders?

In December 2024, the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2024-23, updating its cyber incident…

2 years ago

Freddie Mac’s New Public Records Search Rules: What Lenders Need to Know

On August 15, 2024, Freddie Mac Multifamily introduced significant updates to its mortgage origination and servicing requirements, focusing on public…

2 years ago