Tag Archives: Mortgage Industry

The CFPB found that while mortgage lenders generally are in compliance with federal consumer financial laws, many entities continue to have deficiencies in their compliance management systems.

James M. Deitch, CEO of Teraverde Management Advisors, discussed with DS News the growing issue of cybersecurity and the potential risks it posses to the mortgage industry.

The mortgage industry has made huge strides in terms of technological advances, offering homebuyers the opportunity to search for, tour, and make offers on homes all from digital platforms.

Jerry McCoy, Senior Policy Advisor to The Collingwood Group, talks with DS News about the full circle of compliance and how the mortgage industry should be taking on these rules.

Paul Anastos, President of Mortgage Master, explains the evolution that the housing market has gone through over the last few decades and how lending has changed for the better.

Between regulations, potential rate hikes, and the upcoming election, the mortgage industry will have plenty to focus on throughout the year. Dr. Umit Gurun, a Professor of Accounting and Finance at the Naveen Jindal School of Management at University of Texas at Dallas, provides DS News with insight on what the housing market picture may look like for the rest of the year.

Last year, the President barely mentioned housing policy in the State of the Union address. Those in the mortgage industry are eager to find out if Obama will even broach the subject Tuesday in what will be his final State of the Union address.

Wells Fargo told DS News that the reason behind the massive amount of job cuts was "the result of continuing market changes, including improvements in delinquency and foreclosure rates and reduced demand for mortgage financing."

About 75 percent of the group surveyed said the current regulatory environment is indeed preventing them from lending to consumers who can afford and deserve a mortgage, while 25 percent said today’s regulatory environment does not prevent such lending. One anonymous respondent said, “We punish the whole for the actions of a few.”

With the CFPB prepping to unleash the highly-anticipated TILA-RESPA Integrated Disclosure rule in two weeks on October 3, the industry is about to be hit with more changes that must be met with compliance.