Category: Mortgage Compliance

The mere definition of the word compliance can have a negative connotation. According to Merriam-Webster compliance is defined as: 1a: the act or process…

As May 2020 begins to wind down, a staggering 4.7 million mortgages are in forbearance plans.  With 36.5 million unemployed and more businesses finding…

Most independent annual reviews of 2019 MERS® compliance are now concluded and our attention is now locked on managing this year’s responsibilities amid a…

It’s hard to believe that TRID is now almost five years old. But even as memories of the industry’s massive operational and compliance readiness…

It’s been a little over six months since LoanLogics last shared some insight on the upcoming redesign of the GSE uniform residential loan application…

Back in July, MERS sent a reminder notification to its customers about their upcoming 2019 eQA Plan responsibilities.  During that same time, I penned…

As a part of the overall standardization efforts of the government sponsored enterprise (GSEs) Fannie Mae and Freddie Mac as directed by their regulator,…

Today we are going to discuss the confusion surrounding the application of real estate tax credits to the borrower’s closing costs and (MRI) minimum…

Often, underwriters are faced with a borrower, especially a self-employed borrower, whose income has declined year over year.  I wanted to provide a quick…

Last July, Fannie Mae began accepting loans with debt to income (DTI) ratios up to 50%. This is much higher than that allowable under…