DougS

36 Hours to Act: FHA’s New Cyber Incident Rules Shake Up Mortgage Compliance

In an increasingly digital mortgage landscape, cybersecurity incidents are becoming a top concern. The Federal Housing Administration’s (FHA) recent Mortgagee…

1 year 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…

1 year ago

Rental Income – What are the Common Red Flags?

Rental income can be a valuable asset for mortgage applicants looking to meet income requirements, but it also presents unique…

1 year ago

Redlining Risks – Quantify Your Exposure

In recent years, the issue of redlining has garnered increased scrutiny as regulatory bodies like the Consumer Financial Protection Bureau…

1 year ago

How Should Mortgage Lenders Respond When Disaster Strikes?

Natural disasters—from hurricanes and wildfires to floods and earthquakes—pose serious challenges for mortgage lenders, borrowers, and the housing market as…

1 year ago

Where are Mortgage Rates Actually Headed ?

The mortgage market has been a whirlwind of uncertainty lately, with rates fluctuating in response to evolving economic conditions. Mortgage…

2 years ago

New Rules Ahead: Navigating Risks with Fannie Mae and Freddie Mac’s Lending Crackdown

As Fannie Mae and Freddie Mac prepare to tighten lending regulations, commercial real estate (CRE) lenders are bracing for significant…

2 years ago

CFPB Fines NewDay USA $2.25 Million for Misleading Veterans on Refinance Loans

The Consumer Financial Protection Bureau (CFPB) has taken action against mortgage lender NewDay USA, ordering it to pay $2.25 million…

2 years ago

CFPB Cracks Down: Protecting Borrowers from Contract-for-Deed Pitfalls!

In a significant step toward protecting low-income borrowers from predatory lending practices, the Consumer Financial Protection Bureau (CFPB) has issued…

2 years ago