The United Kingdom’s (UK) housing market is still searching for the perfect balance between responsible, regulated mortgage lending and healthy competition. After the implementation of a series of regulatory initiatives, most notably the Mortgage Market Review (MMR), the Financial Conduct…
The Consumer Financial Protection Bureau (CFPB) waited until the eleventh hour to publish the much-anticipated amendments to the headline grabbing Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA) Integrated Disclosures (TRID) rule. The amendments cherry-pick from the…
David Norfolk, practice leader at Bloor Research has just published a blog that dives into the work we’re doing at DECISION. I had the pleasure of meeting with David this summer. During our meeting he told me, ““I have been…
The Office of the Comptroller of the Currency (OCC) recently issued a bulletin (OCC 2016-17) describing new Money Market Funds (MMF) rules and providing guidance for banks to consider based on the Security and Exchange Commission’s (SEC) recent revisions to…
The consumer credit box became dramatically constricted in the aftermath of the 2008 financial crisis. In recent years, however, we’ve seen a gradual loosening of credit underwriting standards. The industry could go further, though, to better extend housing credit to…
Seller-financing may have historically conjured up thoughts of a family member financing a home for another relative, but in today’s environment seller-financing is a growing alternative lending option increasingly drawing the attention of high profile regulators like the Consumer Financial…
Following in the footsteps of the Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency (FHFA) recently announced key requirement changes for the sale of non-performing loan (NPL) pools by the government-sponsored enterprises (GSEs). These changes to…
Back in 2009, it was clear that the IT community was starting to realize the need for and potential impact of automating business logic and operational decisions and the need to do so in a standard and consistent way across…
The eventual outcomes of the United Kingdom’s (UK) referendum on the 23rd of June to leave the European Union (EU) are anything but certain. This uncertainty permeates nearly ever sector of business and the economy in the UK, and property…
False Claims Act litigation remains a hot button issue for the mortgage industry. Mortgage lenders have already paid billions in penalties for violating the more than 100-year-old statute. The law also represents arguably the largest liability facing Federal Housing Administration…
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