Compliance & Regulations

Mortgage Compliance Overview

June 22, 2016 losborne 0

Mortgage Compliance Overview Luke Osborne November 14, 2016   All “mortgage companies” including banks and non-bank lenders and brokers need to comply with an expanding set of laws that regulate the mortgage industry. The Financial Crimes Enforcement […]

Compliance & Regulations

Outdated CFPB Servicing Technology puts Consumers at Risk

June 22, 2016 losborne 0

Outdated CFPB Servicing Technology puts Consumers at Risk Luke Osborne November 14, 2016   “The mortgage-servicing industry is still struggling to adopt technology that will help them comply with a 2014 Consumer Financial Protection Bureau regulation that placed new […]

Compliance & Regulations

Bank of America Increases Mortgage Banking

June 22, 2016 losborne 0

Bank of America Increase Mortgage Banking Luke Osborne November 14, 2016 Bank of America net income came in at $5 billion, or $0.41 per diluted common share in the third quarter. This is an increase from the […]

Underwriting & Operations

Fannie Mae Overspending on New Headquarters

June 22, 2016 losborne 0

Fannie Mae Overspending on New Headquarters Luke Osborne November 14, 2016   Article from Daniel Goldstein with Market Watch- http://www.marketwatch.com/story/fannie-maes-new-headquarters-deemed-too-lush-for-troubled-agency-2016-06-16 Fannie Mae might need to take its own advice: You shouldn’t buy more home than you can afford. A […]

Underwriting & Operations

Quicken Loans Underwriting Lawsuit

June 22, 2016 losborne 0

Quicken Loans HQ Underwriting Lawsuit – Detroit Luke Osborne November 14, 2016     And so the finger pointing begins. Underwriter: “They made me underwrite loans I didn’t feel comfortable and gave me big bonus to […]

Mortgage Origination

Refinance Market is Drying Up – What now?

June 22, 2016 losborne 0

Luke Osborne November 14, 2016     More from MortgageBankingNews Calculate how much more $$$ you make with 125 bps Find out how to Become Your Own Branch Interested in Becoming a Contributor? Luke Osborne is Director of Mortgage Banking at […]

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