This topic consolidates everything you need to know to stay informed including prominent industry advocacy movements, current regulatory enforcement actions, and judicial rulings impacting mortgage banking.
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Search our Compliance Calendar for current regulatory changes & updates.
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Click to read the putative class action complaint.
"ACES has shined a light on our productivity and empowered us to hold our teams accountable."
- Emilee Rada, Director of Lending Operations at Georgia's Own Credit Union
Housingwire--Chris Clow
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Housingwire--Connie Kim
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Ballard Spahr LLP--Brian Turetsky & John L. Culhane, Jr.
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Mortgage Fraud Blog--Rachel Dollar
Nathaniel Anderson of Willingboro Township, New Jersey, a town councilman and the deputy mayor of Willingboro in Burlington County, New Jersey, and his business associate Chrisone D. Anderson, were charged with conducting a scheme to discharge the deputy mayor’s mortgage obligation on his property through a fraudulent short sale.
"ACES has made my life so much easier from a QC perspective. It's life-changing"
- Kelly Cooper Spencer, QC & Business Intelligence Data Manager at Thrive Mortgage
Housingwire--Chris Clow
The U.S. Supreme Court will decide whether or not national laws override state laws on mortgage escrow interest payments.
The CFPB has announced the annual inflation adjustments to the agency's civil penalty amounts, effective January 15, 2024.
On December 8th, the CFPB and FTC filed an amici curiae brief with the U.S. Court of Appeals for the Fourth Circuit urging the reversal of a decision finding that furnishers need not investigate indirect disputes covering legal, as opposed to factual matters, under FCRA.
A new bill introduced by Democrats in Congress would require hedge funds to sell off single-family homes over a 10-year period and ban them from owning single-family homes at all.
