Texas Department of Savings and Mortgage Lending – Effective January 7, 2018, the Texas Mortgage Company Disclosure found in 7 TAC §80.200(a) has been amended. This is the disclosure form that a residential mortgage loan originator sponsored by a Texas Mortgage Company must give to a residential mortgage loan applicant with the initial application for a residential mortgage loan.
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False Claims Act claims another one: IBERIABANK fined $11.7 million for FHA lending violations – The DOJ said that as part of the settlement, IBERIABANK admitted that HUD paid FHA insurance claims on some of these ineligible mortgages, some of which included mortgages where IBERIABANK’s loan.
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