Posted To: Pipeline Press

“I hope that I never go to jail because I haven’t memorized a phone number since 2001.” (Speaking of numbers, investors are mulling over Guild’s 2 nd quarter earnings and it’s special $1 per share dividend. Rocket’s are announced later today, UWM’s Monday.) I thought I had memorized all of the digits until “Juneteenth” came along, which I guess is more of a date. Regardless, I mention this because in meetings I’ve attended, and calls I’ve been on, compliance is a big topic, and recently the subject of Juneteenth has come up, especially regarding last week the CFPB finally providing the industry some guidance. These things keep compliance folks up at night! Yes, the CFPB issued an Interpretive Rule which provides guidance on certain…(read more)

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Source: Mortgage News Daily