CFPB's Cordray: Our Regulations "Are Not Anti-Free Market" January 09, 2014In an interview on The Daily Show, the Consumer Financial Protection Bureau chief discusses the agency’s mission and strategy with host Jon Stewart. Fraud And Corruption Trends To Watch In 2014 December 17, 2013Many of the regulatory efforts in the coming year to stem fraud and corruption will have a financial services focus, according to an EY forecast. Tough Hill To Climb For Mortgage Industry In 2014 December 16, 2013The mortgage banking industry is facing a difficult year in 2014, but technologies such as imaging and e-documentation can help banks drive efficiency and save money. Imaging on the Rise, But Few Banks Paperless in Loan Operations December 04, 2013A survey of 80 community banks found that most use some kind of imaging systems. Nationwide Building Society Boosts Mortgage Sales with Remote Expert Video Conferencing November 22, 2013Partnering with Cisco to provide video conferencing with mortgage experts has helped increase growth in the bank’s mortgage business. JPMorgan $13B Mortgage Settlement May Be Only the Beginning November 20, 2013The bank was it with a record fine for its actions in the mortgage-backed securities market prior to the financial crisis.
2014 an Uncertain Year in Mortgage Industry November 15, 2013New regulations and likely declines in loan origination levels portend a difficult year for mortgage bankers. 5 Ways Mobile Banking Is Evolving: Finovate September 13, 2013Several new technologies demoed at Finovate this week showcased new ways that mobile is solving pain points for banks and their customers. IBM Launches Mobile Loan Processing Solution September 09, 2013The solution is designed to allow banks to engage with borrowers in real-time during every aspect of the loan application process.
Capital One Acquires Beech Street Capital August 19, 2013The privately-held, national originator and servicer of Fannie Mae, Freddie Mac and FHA multifamily commercial real estate loans was acquired for an undisclosed sum.
Gulf Coast Bank Revitalizes Mortgage Operations With Automated CRM July 18, 2013By working Mortgage Returns automated CRM system the bank’s mortgage division just had its best quarter ever with fewer staff. Accenture Augments Mortgage Offerings With Mortgage Cadence Acquisition July 16, 2013Accenture says the acquisition will help clients cut cycle time and costs while increasing flexibility to comply quickly with new regulations. Automating Quality: Best Practices for Banks to Meet Quality Mortgage and CFPB Regulations July 01, 2013Using dynamic digital documents for mortgage disclosure forms can help mortgage lenders keep up with the CFPB’s regulatory mandates and cut costs associated with document management. Getting to 'Wow' With Wells Fargo June 27, 2013Wells Fargo's CMO recently discussed the culture of customer experience at the bank.
CFPB Makes Complaint Data Public March 28, 2013The database contains some 90,000 searchable complaints on mortgages, student loans, bank accounts and services, other consumer loans, and credit cards.
Mortgage Cases to Test U.S. Use of Once-Obscure Fraud Statute January 17, 2013Banks are testing U.S. authorities' use
of a once-obscure statute to bring more cases tied to the
financial crisis, arguing the government is twisting the law
beyond what it can do. New CFPB Regulations Target Mortgage Servicers January 17, 2013The CFPB announced new rules today regulating the mortgage servicing industry in the hopes of helping struggling borrowers. CFPB Announces New Mortgage Rule to Ensure Borrowers Can Repay Loans January 10, 2013The CFPB's introduced its new Ability-to-Repay rule that charges lenders to make sure borrowers have the means to repay their loans. Banks and Servicers Agree To Mortgage Relief for Sandy Victims November 07, 2012A number of mortgage lenders in New York State have agreed to waive late payment fees and postpone foreclosures for Sandy victims. Sheila Bair's 4 Types of Dysfunctional Regulators October 26, 2012Sheila Bair, former FDIC chair and current industry critic, thinks that regulators are partly to blame not only for the financial crisis and the banking industry's continuing lousy reputation, but she also has plenty of criticism for bankers and politician