Rohit Chopra on new mortgage servicing rules, Basel III and the CFPB’s funding
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra expects that servicing rulemaking will be issued in the coming months modeled on the lessons...
Nearly half of loans processed in Q1 showed fraud risks: FundingShield
Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title...
loanDepot CIO on the evolution of build versus buy over 14 years
Editor in Chief Sarah Wheeler sat down with George Brady, loanDepot’s chief information officer, to discuss the company’s evolving tech strategy and how...
Modular homebuilding startup Veev on the verge of bankruptcy
Veev, a promising modular homebuilding company that’s raised $600 million, could close after a plan for a capital raise failed, according to reporting...
Country Club Mortgage to lay off employees, including CEO, and shutter offices
Country Club Mortgage, a home lender based in California, has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators...
‘Fraudsters gotta eat too:’ The title industry navigates an uptick in fraud
Fewer homebuying transactions means less fraud, right?
“No! What it means is there is a higher percentage of potential fraud per file,” Elizabeth Berg,...
The Beinfield Team in Connecticut returns to Compass after brief departure
The Connecticut-based Beinfield Team returned to Compass, the company announced on Tuesday.
“This transition is all about securing the future success of my team,”...
Fitch: Title revenue to rise 3% annually in 2024
Despite ongoing uncertainty and a variety of economic headwinds, Fitch Ratings is maintaining a neutral outlook on the title insurance market for 2024,...
Nevada real estate firms hit with second commission lawsuit
A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially...
Bank regulators issue new Community Reinvestment Act rule
The Office of the Comptroller of the Currency, the Federal Reserve Board and the Federal Deposit Insurance Corporation issued on Tuesday a new rule to modernize the 1977...