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.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
The Office of the Comptroller of the Currency (OCC) issued a Consent Order against Cenlar FSB of Ewing, N.J based on the bank’s failure to establish effective controls and risk management practices related to its mortgage servicing and subservicing activities.
Search our Compliance Calendar for current regulatory changes & updates.
The Office of the Comptroller of the Currency (OCC) released new enforcement actions taken against national banks, federal savings associations, and individuals currently and formerly affiliated with national banks and federal savings associations in September 2021.
The Bureau and U.S. Department of Justice, in cooperation with the Office of the Comptroller of the Currency, took action against Trustmark National Bank for alleged discrimination against Black and Hispanic neighborhoods by deliberately not marketing, offering, or originating home loans to consumers in majority-Black and Hispanic neighborhoods in the Memphis metropolitan area.
The regulatory forecast has warned of increasing regulations and requirements over the last year, and those predictions are now coming to fruition.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
Presented by ACES Quality Management's EVP of Compliance, Amanda Phillips, and Ballard Spahr's Reid Herlihy, Richard Andreano, Jr., and Matthew Morr.
DSNews -- Robert Finlay, right, Finlay & Zak; Joan C. Spaeder-Younkin, Wright, Finlay & Zak\
The Court of Appeal for the Second Appellate District in California recently confirmed that a loan servicer can remedy HOBR violations prior to the actual foreclosure sale, avoiding having to restart the entire foreclosure, by reviewing the borrower for a loan modification prior to the foreclosure sale.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
The Consumer Financial Protection Bureau (CFPB) filed a complaint and proposed consent order alleging that American Advisors Group (AAG) used inflated and deceptive home estimates to lure consumers into taking out reverse mortgages.
HousingWire -- Flávia Furlan Nunes
Ex-marketing director for Residential Home Funding Corp sues top male executives for sexual harassment.
"We are already ahead of the game and without having to add additional FTEs."
- Julie Baril, QC Manager at Norcom Mortgage
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
FDIC issued its list of state nonmember banks evaluated for compliance with the Community Reinvestment Act (CRA), covering evaluation ratings that the FDIC assigned to institutions in October 2021.
OFAC has published the names of additional persons that have been added to the Specially Designated Nationals and Blocked Persons List.
The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in August.
