• Home
  • /Archive by category ' Uncategorized '

Archive For: Uncategorized

TRID Delay – How It’s Helping You!

TRID Delay – How It’s Helping You!


TRID has been delayed by CFPB. As a lender, what can you do to maximize the extra 60 days? Here are 3 basic steps to get started.


CFPB’s original release date for TRID was August 1, but after what is …

Read more →

Nonbank Servicers Under Scrutiny

Nonbank Servicers Under Scrutiny

non banksWith the current exponential rise in nonbank servicers, the CFPB and FHFA are weighing both the consequences and positive reinforcements the new trend could have on the mortgage industry and consumers. 

Since the financial crisis, the nations’ biggest banks are …

Read more →

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

Read more →

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 …

Read more →

Expectations for Mortgage Servicers and Adjustments to the CARD Act

Expectations for Mortgage Servicers and Adjustments to the CARD Act

CFPB Releases Expectations for Mortgage Servicers and Adjustments to the Card Act

Know Before You Owe - Mortgage Pain Points

Last Friday, the CFPB issued a bulletin that outlined expectations for mortgage servicers that transfer loans; it details how mortgage servicers should heed new rules protecting consumers applying …

Read more →