True Stories: Hybrid, eNote and RON Implementation

Join expert panelists that will discuss the status of federal legislation, trends in digital adoption and how best to prepare your organization for the next generation of lending processes.

Spruce’s Patrick Burns on innovation in title technology

In the season finale of Housing News season 5, Spruce CEO discusses heightened investor interest in title tech, innovation and fintech adoption.

Top CFPB official “hates” QM rules, jeopardizing safe harbor

A top CFPB official in charge of the rule-making process has heavily criticized the agency's own qualifying mortgage rule, jeopardizing safe harbor.

Fraud risk factors at closing increased almost 90% last quarter

A variety of risk factors could be contributing to the drastic increase in wire and title fraud risk factors in mortgage and real estate closings – for example, compliance issues and an increase in transaction data errors.

Mortgage

Senate Banking Committee unanimously votes to approve Ben Carson as HUD Secretary

Vote moves to Senate floor

The Committee On Banking, Housing, and Urban Affairs unanimously voted to approve Ben Carson as Secretary of the U.S. Department of Housing and Urban Development on Tuesday morning as his nomination process nears the final leg.

From here, Carson’s nomination moves to the Senate floor for consideration. The date is up to Republican leaders and not yet set.

Earlier this month on Jan. 12, the Banking, Housing and Urban Affairs Committee held Carson’s nomination hearing to question his on his ability to lead HUD.

While there was a lot of controversy surrounding Trump’s nomination of Carson, it turned out to be all bark and no bite as his hearing went fairly smooth. 

And by the time his nomination came to a vote by the committee, Carson received unanimous approval.

Even Sen. Sherrod Brown, D-Ohio, ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, noted that Carson is not the nominee he would have chosen to lead HUD.

However, “despite my reservations, and my disagreements with some of his positions, I will give Dr. Carson the benefit of the doubt based on commitments he has made to me in person and to this Committee in his testimony and written responses,” said Brown.

Meanwhile, Sen. Mike Crapo, R-Idaho, chair of the U.S. Senate Committee on Banking, Housing, and Urban Affairs stated during the sessions that HUD would benefit from having a secretary with a different perspective and a different background.  

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