Requiring someone to sign a loan, especially a parent or spouse, or even intimating such a requirement is a significant fair lending issue. Fair Lending is an ongoing hot topic with the banking agencies.
The deadline is approaching for compliance with “TRID 2.0.” The first TRID rules left us with lots of questions, but the 2017 changes have cleared up much of the confusion, while adding a few complexities.
Call it S.2155, Economic Growth, Regulatory Relief and Consumer Protection Act, EGRRCPA, or Public Law No: 115-174, deregulation by any other name is just as sweet. The sour part is, deregulation will be more work in the short run.
Recorded on April 11, 2018
New Mortgage Servicing Rules – Successors in Interest and Bankruptcy