In a July 2018 interview with HousingWire, FHA Commissioner Brian Montgomery stated that the FHA wants to bring big banks back to the FHA lending space by increasing transparency and decreasing False Claims Act (FCA)...more
On June 29, 2018, the California Commissioner of Business Oversight warned California residential mortgage lenders and servicers that their failure to file annual reports could lead to enforcement actions. ...more
7/11/2018
/ Annual Reports ,
Consumer Financial Products ,
Consumer Lenders ,
Department of Business Oversight ,
Financial Services Industry ,
Mortgage Lenders ,
Mortgage Servicers ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
State and Local Government
The U.S. Supreme Court has ruled, by a 5-3 majority, that the city of Miami was authorized to bring lawsuits based on allegations that banks engaged in financial-crisis-era discriminatory lending. The city alleged that the...more
5/5/2017
/ Discriminatory Lending Practices ,
Fair Housing Act (FHA) ,
Foreclosure ,
Miami ,
Mortgage Lenders ,
Mortgages ,
Predatory Lending ,
Race Discrimination ,
SCOTUS ,
Tax Revenues ,
Zone of Interests
On April 4, 2017, the Mortgagee Review Board (MRB) of the U.S. Department for Housing and Urban Development (HUD) published an entry in the Federal Register titled "Mortgagee Review Board: Administrative Actions." The entry...more
The Office of the Inspector General (OIG) of the U.S. Department of Housing and Urban Development has issued an alert on appraiser identity theft. The alert details cases in three states where identity thieves illegally used...more