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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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Top Story Lending Related

08/14/2014

Mortgage company pays $104,000 to settle discrimination claim

HUD has announced that Freedom Mortgage Corporation, a national residential mortgage lender based in Mt. Laurel, New Jersey, has agreed to pay $104,000 to settle allegations that it discriminated against loan applicants with disabilities by requiring them to provide medical or other documentation regarding their disabilities.
 

08/14/2014

Fair lending analysis of credit cards

The Payment Cards Center hosted by the Federal Reserve Bank of Philadelphia has posted a new discussion paper, Fair Lending Analysis of Credit Cards, which discusses some of the key fair lending risks that can arise in various stages of the marketing, acquisition, and management of credit card accounts, and the analysis that can be employed to manage such risks.
 

08/14/2014

Mortgage company pays $104,000 to settle discrimination claim

HUD has announced that Freedom Mortgage Corporation, a national residential mortgage lender based in Mt. Laurel, New Jersey, has agreed to pay $104,000 to settle allegations that it discriminated against loan applicants with disabilities by requiring them to provide medical or other documentation regarding their disabilities.
 

08/13/2014

Comptroller's Handbook revision

OCC Bulletin 2014-40 announces the OCC's issuance of the "Lease Financing" booklet of the Comptroller's Handbook, to replace a similarly titled booklet issued in January 1998. This booklet also replaces section 219, "Leasing Activities," issued in June 1999 as part of the Office of Thrift Supervision's Examination Handbook for the examination of federal savings associations.
 

08/13/2014

Guilty plea in mortgage fraud scheme

The Department of Justice reports that Wasseem Shamoun has pleaded guilty to charges of conspiracy to commit bank fraud relating to a mortgage loan scheme in which Shamoun and six other individuals were involved from 2006–2008. The scheme involved the obtaining of mortgage loans with fraudulent information and the use of straw buyers.
 

08/13/2014

July Housing Scorecard

HUD has released the July 2014 Housing Scorecard, a comprehensive report on the nation's housing market. The latest data show progress among key indicators, including a rebound in the sale of existing homes and the continuing downward trend of foreclosure starts and completions.
 

08/13/2014

Amerisave to pay $19.3M for bait-and-switch scheme

The Consumer Financial Protection Bureau has announced its issuance of a Consent Order requiring Amerisave Mortgage Corporation, its affiliate, Novo Appraisal Management Company, and the owner of both companies, Patrick Markert, to provide $14.8 million in refunds to harmed consumers and pay a $4.5 million penalty for engaging in a deceptive bait-and-switch mortgage-lending scheme. The Bureau found that Amerisave lured consumers by advertising misleading interest rates, locked them in with costly up-front fees, failed to honor its advertised rates, and then illegally overcharged them for "third-party" services which were actually paid to its affiliate. Patrick Markert, as an individual, will pay an additional $1.5 million penalty.
 

08/13/2014

Comptroller's Handbook revision

OCC Bulletin 2014-40 announces the OCC's issuance of the "Lease Financing" booklet of the Comptroller's Handbook, to replace a similarly titled booklet issued in January 1998. This booklet also replaces section 219, "Leasing Activities," issued in June 1999 as part of the Office of Thrift Supervision's Examination Handbook for the examination of federal savings associations.
 

08/13/2014

Guilty plea in mortgage fraud scheme

The Department of Justice reports that Wasseem Shamoun has pleaded guilty to charges of conspiracy to commit bank fraud relating to a mortgage loan scheme in which Shamoun and six other individuals were involved from 2006–2008. The scheme involved the obtaining of mortgage loans with fraudulent information and the use of straw buyers.
 

08/13/2014

July Housing Scorecard

HUD has released the July 2014 Housing Scorecard, a comprehensive report on the nation's housing market. The latest data show progress among key indicators, including a rebound in the sale of existing homes and the continuing downward trend of foreclosure starts and completions.
 

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