Monthly Archives: September 2014

TILA-RESPA Integrated Disclosures Rule Explained

TILA-RESPA Integrated Disclosures Rule Explained

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TILA-RESPA standing at 1,888 pages, with over 400 changes, 1,122 business rules, and 362 data points is a terrifying upcoming change to the mortgage industry.

The official Home Loan Toolkit brochure you are required to use doesn’t explain “form rounding” …

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Bank Customers Embracing Mobile Banking – How Credit Unions And Community Banks Should Adapt

Bank Customers Embracing Mobile Banking – How Credit Unions And Community Banks Should Adapt

mobile_banking_application_platforms_operating_systems_customer_ratingsMore than 75 million American consumers use their smartphones for mobile banking. National banks are leading the way with mobile banking because consumers who want digital banking believe big banks have better mobile banking solutions. 80% of users report using …

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Credit Box To Be Opened By Large Lenders

Nonprime loans help borrowers with low credit scores become homeownersThe Credit Box Opens

Since the great depression, housing starts have nearly doubled. More recently, strong investors have been buying properties in distress at a insatiable rate, driven by low house prices and strong rental demand, but as that trend …

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The CFPB Proposes New Rules and Changes to Regulation C to Apply Changes to the HMDA Required by Dodd-Frank

The CFPB Proposes New Rules and Changes to Regulation C to Apply Changes to the HMDA Required by Dodd-Frank

The CFPB’s Proposed Rules Primarily Effects How Banks Collect and Report Data

 

On August 29th, 2014, the CFPB suggested a  rule and changes to its Regulation C (Home Mortgage Disclosure) to apply changes to the HMDA

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OCC Finalizes Large Financial Institutions & Banks Guidelines; Raises Governance and Risk Management Standards

OCC Finalizes Large Financial Institutions & Banks Guidelines; Raises Governance and Risk Management Standards

Final Risk Guidelines Represent a ‘Sea Change’ in Regulation

 

Last week the Office of the Comptroller of the Currency (OCC) published its final guidelines for large financial institutions regarding “heightened expecations” for the risk management. These institutions include insured …

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