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 Ninth Circuit Court of Appeals issued a decision last week holding that mortgage underwriters are not exempt from the overtime requirements of the Fair Labor Standards Act (FLSA). The July 6 decision, which furthers a...more
7/12/2017
/ Banking Sector ,
Department of Labor (DOL) ,
Exempt-Employees ,
Fair Labor Standards Act (FLSA) ,
Minimum Salary ,
Mortgage Servicers ,
Mortgages ,
Over-Time ,
Underwriting ,
Wage and Hour ,
White-Collar Exemptions
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