Wednesday, June 10, 2015

Trade groups join Congress to push CFPB for formalized TRID grace period

A large group of industry trade organizations is joining Congress to push the CFPB adopt a formalized grace period for the enforcement of the complex TILA-RESPA Integrated Disclosure requirements that go into effect Aug. 1. The groups believe the CFPB’s announcement of an undefined TRID grace period was a good first step, but it’s not enough.

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Capital One launches first-time homebuyer education program

In an effort to help turn potential borrowers into actual borrowers, Capital One announced a homebuyer education program designed to teach first-time buyers just what it means to buy their first home.

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Guess how many bank CEOs made Glassdoor’s list of the highest rated CEOs?

For those who don’t know, Glassdoor is a website where a company’s employees (and former employees) can leave anonymous reviews of the company and tell other employees (or prospective employees) what it’s really like to work there. So how many bank CEOs made the top 50 in Glassdoor’s 2015 list of the highest rated CEOs? Not very many as it turns out.

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California selects independent auditor to oversee Ocwen’s operations

The State of California announced Wednesday that it has chosen the company that will serve as the independent auditor tasked with oversight of Ocwen Financial and its operations in the state, as stipulated by the terms of the settlement between California and Ocwen because the company failed to turn over documentation showing that it complies with the state’s laws.

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Gateway Mortgage hires new Regional VP Gary Nachman

Gateway Mortgage Group hired Gary Nachman as its new regional vice president serving Nebraska, Iowa, Colorado, Minnesota, North Dakota and South Dakota.

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The history of housing in 5 charts

A financial crisis and recovery later, the housing market looks nothing like it did 20 years ago. A new survey from Coldwell Banker shows in 5 charts just how different the market is.

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Assurant continues shift towards housing insurance programs

Assurant is taking the next step in its shift towards a focus on its housing insurance programs, which include renters/apartment insurance, flood insurance, manufactured housing and force-placed insurance. The company announced Wednesday that it will immediately begin to wind down its major medical operations and has reached an agreement in principle to sell “certain business lines and assets” to National General Holdings Corp.

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