Mortgage Software Solutions Blog

FHFA Declared Unconstitutional by U.S. Federal Courts

Posted by Justin Kirsch on July 30, 2018

A courthouse looms over the viewer.

The Washington Examiner reported last week that the Federal Housing Finance Agency (FHFA) has been ruled unconstitutional.

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Topics: Compliance for Mortgage Companies, Trump Administration, Housing Market, FHFA

What Your Mortage Company Needs to Know about HOEPA

Posted by Hugo Gonzalez on June 29, 2017

Congress passed the Home Ownership and Equity Protection Act (HOEPA) in 1994 as an amendment to the Truth in Lending Act. The legislative intent was to tackle the abuses in the mortgage refinancing industry and with respect to home equity loans that charge high interest rates or high fees. Below is some basic information about loans and required disclosures you should be familiar with as a mortgage company.

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Topics: Compliance for Mortgage Companies