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Trade groups express concerns on VA timeline for defaulted loan purchase program

The MBA and HPC are urging a delay to a mandatory compliance date for a Department of Veterans Affairs foreclosure prevention program. ....

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DPA, Servicing Oversight, Relationship Mgt., Change Mgt. Products; TPO and Broker News

Remember when lenders were fretting about Amazon rolling out a major home loan program? The new acronym that the mortgage industry was about to start using was “WACD” (What Amazon Can’t Do). We reminded ourselves that Amazon couldn’t do is to deliver high value and personalized service and build relationships that last a lifetime. Play to your strengths! One strength is keeping up with what is going on, especially in the regulatory world. Today’s L1 show at 2PM ET features Kathy Kraninger, former director of the Consumer Financial Protection Bureau from 2018 to 2021, now CEO of the Florida Bankers Association, with a “behind the scenes” look at being the CFPB director and setting clear “rules of the road.” Next week Rich Swerbinsky returns to the airwaves on Thursday the 18th at 3PM ET, interviewing the CFPB’s Mark McArdle on what the big misconceptions about the CFPB are, and where its focus is currently. (Found her ....

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NAR, MBA ask for clarification on underwriting rules

The trade groups asked federal housing officials to continue to exclude seller or listing agent payments of buyer agent fees from IPC caps. ....

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VA should expedite regulatory changes for agent commissions: CHLA

The Community Home Lenders of America wants the VA to expedite regulatory changes in the wake of the NAR's commission settlement. ....

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Vets deserve better than bait-and-switch mortgages

Vets deserve better than bait-and-switch mortgages
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