The Mortgage Industry – Reviewing Compliance With The Servicemembers Civil Relief Act
In these days of peaks and troughs of the lending cycle, prudent mortgage professionals are keeping a close eye on compliance. The Servicemembers Civil Relief Act ranks high in list of regulatory requirements with some of the most severe consequences …
View moreMilitary Service Numbers
When you’re searching for information about military personnel, you may try to find their military service number as a means to discover the information you are looking for. However, using this service number will only work for older veterans. That’s …
View moreLandlords & Lenders Beware: New Law Changes SMO Rules
The Servicemembers Civil Relief Act permits active military personnel to terminate leases on residences and vehicles when they receive a permanent change of station order or a deployment order, provided that the period is longer than 90 days. Landlords and …
View moreNationstar Mortgage Settles with CFPB for $91 Million
Nationstar Mortgage, the largest non-bank mortgage servicer in the United States, has settled a lawsuit with the federal Consumer Financial Protection Bureau for violating consumer protection laws.
The settlement with Nationstar Mortgage, which does business as “Mr Cooper”, calls for …
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