IRVINE, Calif.—There was a 3.9% year-over-year increase in mortgage fraud risk at the end of Q2, 2016, as measured by the CoreLogic Mortgage Application Fraud Risk Index.
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WASHINGTON–The CFPB has sued five title lenders operating in Arizona for failing to disclose the annual percentage rate in online advertisements about title loans.
GRAND RAPIDS, Mich.–Early adopters of “examination innovation” are seeing a payoff when they undergo exams, according to one company.
SAN FRANCISCO–More former Wells Fargo employees are stepping forward with stories of the overwhelming pressure put on them to make cross-sales goals, with one person saying he was fired after calling a company hotline for whistleblowers.
WASHINGTON–Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,686 on each loan they originated in the second quarter of 2016, up from a reported gain of $825 per loan in the first quarter of 2016, according to the Mortgage Bankers Association’s (MBA) latest Quarterly Mortgage Bankers Performance Report.
WASHINGTON–CUNA has officially announced the dates of the largest credit union event of the year, its 2017 CUNA Governmental Affairs Conference. The event will be held Feb. 26 to March 2 in Washington, with CUNA saying 5,000 people are expected.
ALEXANDRIA, Va.—Donations from NCUA staff to the annual Feds Feed Families food drive will provide 57,308 meals in the coming year, the agency stated.
TACOMA, Wash.–Mike Beall, the former president of the DC/Maryland and Missouri CU leagues, has been named chief strategic and advocacy officer by CU Strategic Planning. Beall had been working with the company as a contract consultant, but is now joining full time to help manage what the firm described as its “significant growth beyond CDFI grant writing.”
MADISON, Wis.– The Filene Research Institute has named Andrew Downin as its managing director of research.
WASHINGTON – NAFCU has named David Casey as the winner its 2016 Paul Revere Award for credit union grassroots activism.