Summer 2016 CFPB Mortgage Exam Trends
A summary of what the CFPB is finding as reported in its Summer 2016 report. The CFPB regularly issues summary reports on what its...
Exactly when do you calculate High-Cost and HPML tests? (hint: rate lock)
Sometimes we expect a loan in process to qualify as High-Cost, Higher- Priced, Mortgage Loan, or Higher-Priced Covered Transaction. But...
July TRID Update - Should you be trusting settlement agents to prepare Closing Disclosures?
Want to revisit one of the basic policy decisions under TRID? I know what you're thinking - should we struggle to prepare Closing...
Is a verbal intent to proceed acceptable? (Answer: Sort of)
The origination process can grind to a halt until we receive the borrower's intent to proceed (aka, a Green Light). Here's something that...
Small bank appraisal exemption and Brokering Reverse Mortgages in Massachusetts
Two for the price of one, well, none actually ... Couple of quick issues ... 1.What's the advantage of being a "small" institution under...