OCC warns lenders to comply with HUD’s sham AfBA policy - Aug 10
The OCC has issued a new bulletin telling all national bank CEOs and compliance officers that they’d better watch their backs when entering into affiliated business arrangements and be sure that their business practices comply with Section 8 of RESPA. More Info>
Very interesting, I guess in the mortgage industry as any that involves the exchange of money, there is room for foul play, and a few bad apples ruin it for everyone.