Would you be friends with someone named Tila Tequila? It doesn’t matter, because she doesn’t have time for you anyway. Tequila, 25, already has more than a million friends on MySpace, which is enough to qualify a person for pseudo-celebrity. So naturally Tequila (real name: Tila Nguyen) wants to be...
Mortgage compliance expert to lead TILA discussion at American Bar Association's (ABA's) Committee on Consumer Financial Services Winter Meeting 2007 IRVINE, Calif. -- Mavent Inc.: What: The Truth in Lending Act TILA was enacted by Congress in ...
ARMED AND DANGEROUSUntil fairly recently, mortgage lenders' principal concerns with the Truth in Lending Act TILA involved disclosure requirements that were based on information known at the time the loan was originated. When TILA was enacted some 20 years ago, it focused on initial disclosures based on known information. ...
I am glad to appear before your committee today to offer the Board's comments on S.924, the Home Ownership and Equity Protection Act of 1993. The bill would amend the Truth in Lending Act TILA to require additional disclosures to consumers who take out "high-cost mortgages" on their homes and...
Modernizing mortgage disclosures to include alternative mortgage products is a disclosure ACB supports. However, ACB urged that the requirements apply to all mortgage lenders, not just banks. ACB said it strongly supports enhancing consumers' ability to shop for, obtain and understand the terms of mortgage loans. "We believe these goals...
The Mortgage Bankers Association MBA has cautiously commended the final changes by the Federal Reserve to Regulation Z of the Truth in Lending Act TILA, under the Home Ownership and Equity Protection Act HOEPA, even as it cautioned the Fed to ensure that the changes do no harm to an...
While the Mortgage Bankers Association generally supports the Federal Reserve's efforts to address abuses in the mortgage market, the Fed's proposed rule to amend the Truth in Lending Act TILA and the Home Ownership and Equity Protection Act HOEPA could do more harm than good if not revised. In...
Interthinx, Inc., the leading provider of proven risk mitigation, mortgage fraud prevention, and regulatory compliance tools for the mortgage industry, has announced a new APR calculator enhancement to its PredProtect loan-level regulatory compliance solution. The enhancement gives Interthinx customers two options for verifying the accuracy of their disclosures under the...
IRVINE, Calif. -- Mavent Inc., a leading provider of automated compliance solutions to the financial services industry, has announced that its flagship solution, the Mavent Expert System, is now available via the Fannie Mae Service Provider Network. This integrated solution will allow mortgage institutions to submit data from individual loans...
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