After two years of constrained origination volume, lenders are actively looking for new paths to revenue and borrower access. One area gaining renewed attention: mortgage assumptions. In today’s rate environment, assumptions offer a compelling alternative, allowing borrowers to take over existing loans with below-market interest rates, creating opportunities in an otherwise challenging housing market. What is a mortgage […]

What the elimination of disparate impact liability could mean for lenders A Fundamental Shift in Fair Lending Interpretation The Consumer Financial Protection Bureau has finalized significant amendments to Regulation B under the Equal Credit Opportunity Act (ECOA), introducing a meaningful shift in how fair lending risk may be defined and enforced. Most notably, the rule eliminates disparate impact liability under ECOA, […]