Author Archives: jlevonick

About jlevonick

Chief Compliance Officer

HOEPA Homeownership Counseling Rule – Final Interpretive Rule Issued November 8, 2013

HOEPA Homeownership Counseling Rule Final Interpretive Rule Issued November 8, 2013 The CFPB issued this final rule to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act’s amendments to the Truth in Lending Act (TILA) and the Real Estate … Continue reading

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July 2013 – Compliance Newsletter

STATE Colorado: HB 1307 Modification of Requirements of Legal Descriptions on Real Estate Docs. The state of Colorado modified provisions regarding the preparation of instruments affecting real estate and the legal description of the property. Effective 8/7/13, despite the CO … Continue reading

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May 2013 – Compliance Newsletter

STATE Colorado: HB 1307 Modification of Requirements of Legal Descriptions on Real Estate Docs. The state of Colorado modified provisions regarding the preparation of instruments affecting real estate and the legal description of the property. Effective 8/7/13, despite the CO … Continue reading

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Spring Regulatory Changes – April Compliance Newsletter

STATE Connecticut Adopts Electronic Recording Regulations. Sections 7-35ee-1 to 7-35ee-10 specifically permit town clerks to accept electronic recordings for real property, providing for definitions such as Electronic Recording, Electronic Signature, and Electronic Document Delivery System that shall dictate the processes and … Continue reading

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February 2013 – Compliance Newsletter

CFPB CFPB FINAL RULES – Implementation Plan for New Mortgage Rules The Consumer Financial Protection Bureau (CFPB) announced on 2/13/2013 a plan that focuses on supporting the mortgage industry, and their ability to comply with new consumer protections that go into effect … Continue reading

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Big Change to FHA MIP Structure and More

Compliance Bulletin Big Change to FHA MIP Structure and More By Rhonda Hammond  FHA recently released their 2012 Annual Report to Congress and it was not good. As a result of bad loans made in the last several years, the … Continue reading

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Compliance Bulletin: HECM Fixed Rate Standard Discontinued April 1, 2013

Compliance Bulletin HECM Fixed Rate Standard Discontinued April 1, 2013 The Federal Housing Administration (FHA) today announced changes to its Home Equity Conversion Mortgage reverse mortgage program in an effort to limit risk to the agency’s finances. Among the changes … Continue reading

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