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Compliance

Recent Deceptive Advertising Rulings Emphasize Need for Strong Marketing Compliance Review Policies and Procedures

Recent Deceptive Advertising Rulings Emphasize Need for Strong Marketing Compliance Review Policies and Procedures

by Jason McElroy & Sebastian Forgues The Federal Trade Commission (FTC) announced on June 10,…

Winning the HMDA Data War

Winning the HMDA Data War

Digging through more current HMDA data uncovers a goldmine of actionable information By Rebecca Walzak…

Debunking Urban Legends

Debunking Urban Legends

By Howard Lax Dodd-Frank Act rule misconceptions and implementation errors continue to manifest at compliance…

Recent Deceptive Advertising Rulings Emphasize Need for Strong Marketing Compliance Review Policies and Procedures

by Jason McElroy & Sebastian Forgues The Federal Trade Commission (FTC) announced on June 10, 2014, that it had come to a settlement agreement with a homebuilder in Pennsylvania over deceptive mortgage advertising practices.   The FTC and the homebuilder agreed upon a $650,000.00 penalty for alleged violations of the Mortgage Acts and Practices Rule, also…

Recent Deceptive Advertising Rulings Emphasize Need for Strong Marketing Compliance Review Policies and Procedures

Mortgage Servicing – Regulators Find Fertile Ground

For mortgage servicing companies, the Consumer Financial Protection Bureau’s (CFPB) mortgage servicing rules implemented in January of this year are just the tip of the iceberg. If servicers have not yet addressed it, this segment of the financial services industry must now implement “bank-like” compliance management programs to mitigate risk. There is a snowball of…

Mortgage Servicing – Regulators Find Fertile Ground

Recent Deceptive Advertising Rulings Emphasize Need for Strong Marketing Compliance Review Policies and Procedures

by Jason McElroy & Sebastian Forgues The Federal Trade Commission (FTC) announced on June 10, 2014, that it had come to a settlement agreement with a homebuilder in Pennsylvania over deceptive mortgage advertising practices.   The FTC and the homebuilder agreed upon a $650,000.00 penalty for alleged violations of the Mortgage Acts and Practices Rule, also…

Recent Deceptive Advertising Rulings Emphasize Need for Strong Marketing Compliance Review Policies and Procedures

Risk Management, Quality Control & Statistics (Part 2)

by Kaan Etem This is the second part of a two-part series. The first part can be found here. Basic Statistical Terms Statistical sampling in loan QC involves the drawing of a limited sample of units from a larger population of units, with the intention of making inferences about the population, with more or less…

Risk Management, Quality Control & Statistics (Part 2)

Winning the HMDA Data War

Digging through more current HMDA data uncovers a goldmine of actionable information By Rebecca Walzak We are at war; or at least a war of words in the Fair Lending and HMDA data analysis world. Twitter and email have been the battleground for accusations and counter-accusations, data interpretation and data analyses. And while there are real…

Winning the HMDA Data War

Regulatory

Winning the HMDA Data War

Winning the HMDA Data War

Digging through more current HMDA data uncovers a goldmine of actionable information By Rebecca Walzak We are at war; or at least a war of words in the Fair Lending and HMDA data analysis world. Twitter and email have been the…

Raising the Bar on Diversity and Inclusion: Dodd-Frank’s Proposed Diversity Standards

Raising the Bar on Diversity and Inclusion: Dodd-Frank’s Proposed Diversity Standards

By Brian Pedrow & Ashley L. Wilson The mortgage industry knows the compliance bar has…

Consumer Financial Protection Bureau Issues Guidance Regarding Brokers Shifting To “Mini-Correspondent” Model

Consumer Financial Protection Bureau Issues Guidance Regarding Brokers Shifting To “Mini-Correspondent” Model

Bureau Describes Evaluation of Mini-Correspondent Transactions WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau…

Managing the Present: The 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac

Managing the Present: The 2014 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac

Prepared Remarks of FHFA Director Melvin L. Watt at the Brookings Institution Forum on the…

Legal

Former Los Angeles Sheriff’s Deputy Sentenced for Mortgage Fraud

Former Los Angeles Sheriff’s Deputy Sentenced for Mortgage Fraud

KANSAS CITY, MO—Tammy Dickinson, United States Attorney for the Western District of Missouri, announced today…

Anti-Money Laundering Compliance Check Up

Anti-Money Laundering Compliance Check Up

In February 2012, the Financial Crimes Enforcement Network (FinCEN) finalized rules that require non-bank residential…

Camarillo Woman Sentenced to 97 Months for Involvement in Mortgage Fraud Scheme

Camarillo Woman Sentenced to 97 Months for Involvement in Mortgage Fraud Scheme

U.S. Attorney’s Office June 12, 2014 Central District of California (213) 894-2434 LOS ANGELES—Rosa Fernandez,…

Recent Deceptive Advertising Rulings Emphasize Need for Strong Marketing Compliance Review Policies and Procedures

Recent Deceptive Advertising Rulings Emphasize Need for Strong Marketing Compliance Review Policies and Procedures

by Jason McElroy & Sebastian Forgues The Federal Trade Commission (FTC) announced on June 10, 2014, that it had come to a settlement agreement with a homebuilder in Pennsylvania over deceptive mortgage advertising practices.   The FTC and the homebuilder agreed…

300x150 Alphabet Soup of Mortgage Compliance
Mortgage Compliance Round Table Discussions

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