“We are seeing lead costs trend higher across the board,” said Praveen Chandramohan, senior vice president at Cotality Mortgage Data Solutions. “Because the ban removes a high-volume, low-cost source of data, lenders... Read more »
The big day is nearly here. Title and escrow teams must be ready. When the new Residential Real Estate Rule (RRE) from FinCEN (Financial Crimes Enforcement Network) takes effect on March 1st,... Read more »
In June 2024, the CFPB issued an order that permanently bars Pittsford, New York-based Sutherland Global Services and its subsidiaries, Sutherland Government Solutions, Sutherland Mortgage Services and NOVAD, from servicing reverse mortgages.... Read more »
“The subversion of real estate license examination content is something DRE takes very seriously,” Jeff Oboyski, the CDRE’s assistant commissioner, said in a statement. “Ensuring that those who attempt to compromise the... Read more »
Changes apply to all FHA-insured single-family forward mortgages and reverse mortgages. At its core, HUD is tightening the connection between an appraiser’s state license and their ability to perform FHA work, while... Read more »