Shoring up qualified mortgage safe harbor provisions could require credit unions to double down on their traditional strengths and sharply improve documentation, according to legal experts.
Bureau says new rule follows up on questions since implementation began in January.
In wake of CFPB rules, legal experts advise: Strengthen those protections through better communications, documentation.
Applications for both new and refinanced mortgage loans continue to drop, according to the Mortgage Bankers Association.
More evidence has appeared suggesting housing finance loans purchased by Fannie Mae and Freddie Mac are poised to get a bit smaller.
Trade group says data show lending standards are tightening.
Mortgage service provider First Heritage Financial LLC and Member Business Financial Services in new offices in Trevose, Pa.
Kansas-based third-party originator adds wholesale and mini-correspondent programs.
An innovative housing finance company is poised to introduce a new approach to mortgage lending, just when mortgage finance reform has put the future of the 30-year fixed rate mortgage in doubt.
Minnesota CUSO says correspondent and retail lending both showing payback improvements.