Links in “Lending”
- NADA Issues Fair Lending Guidance for Auto Dealers
National Automobile Dealers Association has issued guidance to help auto dealers deal with CFPB's fair lending bulletin. Guidance recommends that dealers set a standard markup for all buyers, which can only be reduced for specified reasons. [1/29]
- 10 Tips to Improve Examiner Review of Your MBL Portfolio
Examiners are scrutinizing member business loans even more closely than ever. This article contains valuable tips on what you can do to better prepare for your next examination, as well as how to maximize the effectiveness of and earnings from your MBL program. [1/28]
- Fed Announces GMAC Payments Began 1/27/2014
Payments for 232,000 borrowers whose mortgages were serviced by GMAC Mortgage are being processed. Average amount is just under $1,000. [1/28]
- NCUA Focus for 2014: Private Student Lending
Post recaps NCUA focus on private student lending in 2014. [1/27]
- Narrowed List of Exceptions That Prompt Additional 3-day Waiting Period
CFPB narrows the list of mortgage loan changes that would extend closing by three days to only "significant" changes, such as a change of APR of more than 1/8 of a percent, changing the loan product, or adding a prepayment penalty. [1/23]
- Timing and Content of New ARM Notice Requirements
A look into the timing and content requirement of the new Adjustable Rate Mortgage notice requirements. [1/22]
- Rent Rates Connected to Loan Production Results in RESPA Violation
Missouri-based mortgage lender ordered to pay more than $80,000 for funneling illegal kickbacks in the form of rent reduction in exchange for referrals. [1/22]
- Eminent Domain Threats Discourage Mortgage Lending
Securities industry views mere threat of such actions by municipalities as enough to impair the availability of credit in such communities. [1/22]
- Are CFPB’s New Mortgage Lending Rules Hurting Those They’re Designed to Protect?
Some industry veterans see the CFPB's new lending rules will hurt low-income borrowers the most. [1/21]
- Fitch: Auto Lenders Facing Increased Costs Due to Compliance Requirements
Credit rating service Fitch warns that CFPB's heightened scrutiny of potentially discriminatory practices in auto lending will increase costs for auto lenders in 2014. [1/21]
