Housing Wire

FEBRUARY 12, 2024

FFIEC is a federal interagency coalition consisting of the Federal Reserve Board of Governors (FRB), the Federal Deposit Insurance Corp. The Federal Financial Institutions Examination Council (FFIEC) on Monday issued a statement outlining examination principles related to valuation and appraisal discrimination or bias in residential lending.

Valuation 343

Valuation Appraisal Law Design 343

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. The Regulation Z loan originator compensation rule does not govern this issue. and NFM Lending.

Loan Officers 364

Loan Officers Human Resources Law Mortgage 364

Housing Wire

DECEMBER 20, 2023

It’s unknown how many retail lenders are engaged in the practice of falsifying lead sources to lower loan officer pay, but industry practitioners say it’s widespread, and in most cases, reclassifying leads into different pricing buckets before they lock is not permitted by the Consumer Financial Protection Bureau ’s rules under Regulation Z.

Loan Officers 438

Loan Officers Clients Law Legal 438