Higher housing costs and interest rates are driving more and more consumers to the housing rental market.  For investors looking to profit from the growing demand for rental housing, one of the best options for purchasing a rental property is a Debt Service Coverage Ratio or “DSCR” loan.  Demand for DSCR loans has surged as […]

Recently, MISMO announced that its Mortgage Compliance Dataset (MCD) specification has reached “Candidate Recommendation” status and is ready for industry adoption.  The road has been long to get to this point but the MCD is meant to address a key portion of the regulatory examination burden.  The Need for MCD The regulatory examination process has […]

By Diane Jenkins, Attorney and Director of Legal, Asurity As most servicers are well aware, the Consumer Financial Protection Bureau (CFPB) recently issued new proposed servicing rules essentially overhauling the existing loss mitigation process.  The existing rules governing mortgage servicing have been in place since 2014 and include rigid timing and documentation requirements servicers must […]