News & Analysis as of

Washington Amends Scope of Mortgage Broker Licensing Requirement

The state of Washington has recently amended its mortgage broker licensing statute. Under the new amendment, anyone who performs or holds themselves out as being able to provide residential mortgage loan modification services...more

Policy, Procedures, and Examinations - Mortgage Brokers

In this article, the first of a two-part series, I am going to provide a chart of certain core policies and procedures that a mortgage broker should obtain and continually update, as regulations change. I will also provide...more

State Law Update: Virginia Amends Broker Licensing Rule

Recently, the Virginia State Corporation Commission adopted regulations proposed by the Bureau of Financial Institutions to clarify that individuals engaged in the business of a loan processor or underwriter, who do not...more

InfoBytes Special Alert: CFPB Issues Ability-To-Repay/Qualified Mortgage Rule

Yesterday, the Consumer Financial Protection Bureau (CFPB) issued its keenly awaited final "Ability-to-Repay" rule under Regulation Z that will require lenders to verify a consumer's ability to repay a mortgage loan as...more

CFPB has launched investigations arising out of warning letters issued to mortgage lenders and brokers

We previously reported that the Bureau had sent warning letters to many mortgage originators and brokers chastising them about certain advertising practices....more

5 Results
|
View per page
Page: of 1