BLOG VIEW: Nationstar Mortgage was recently fined $1.75 million for violating the Home Mortgage Disclosure Act (HMDA) by allegedly consistently failing to report accurate data about mortgage transactions from 2012 through 2014. This is the largest HMDA civil penalty imposed [Read More]
ARMCO says it has added 15 new enhancements to its ACES Risk Management quality control (QC) and compliance software, including support for the new reporting requirements under the Home Mortgage Disclosure Act (HMDA), taking effect Jan. 1, 2018. Other improvements [Read More]
As is to be expected with any regulatory change, there has been some confusion and uncertainty surrounding these new rules.
Loan origination system (LOS) provider Ellie Mae says it has updated its Encompass LOS for the new reporting requirements under the Home Mortgage Disclosure Act (HMDA), the bulk of which take effect on Jan. 1, 2018. With the release of [Read More]
BLOG VIEW: In November 2015, about a month after the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosure (TRID) rule took effect, the Mortgage Bankers Association (MBA) released a report showing how much mortgage companies saw their profit margins drop [Read More]
So what are the top regulatory concerns on mortgage executives’ minds these days? According to QuestSoft’s 10th annual compliance survey, released earlier this month, the new reporting requirements under the Home Mortgage Disclosure Act (HMDA) are now the number one [Read More]