Uncategorized

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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year 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…

1 year ago

Navigating the Regulatory Maze: CFPB’s Impact on Mortgage Brokerages and Wholesale Lending

In an ever-evolving mortgage landscape, brokerages and wholesale lenders face increasing scrutiny from the Consumer Financial Protection Bureau (CFPB). Recent…

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

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

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