Category Archives: CFPB

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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Special Edition Compliance Newsletter, January 2013

New Final Rules from the Consumer Financial Protection Bureau In the past three weeks the Consumer Financial Protection Bureau (CFPB) have issued eight new, final rules, most having effective dates in 2014, there are a few requirements with a 2013 … Continue reading

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CFPB Mortgage Policy Field Hearing, January 10, 2013

I was in attendance at the CFPB Mortgage Policy Baltimore Field Hearing on January 10, 2013.  CFPB Director Richard Cordray presented the QM to the industry, “[o]ur goal with the Ability-to-Repay rule is to make sure that people who work hard to buy … Continue reading

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Residential Mortgage Lending – Fall 2012 Supervisory Highlights

Residential Mortgage Lending – Fall 2012 Supervisory Highlights On October 31st, in support of its policy of transparency to inform the public of its supervisory goals, work, and accomplishments, the Bureau of Consumer Financial Protection (CFPB) released a report detailing … Continue reading

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CFPB Exerts Supervisory and Enforcement Authority

The CFPB Exerts Supervisory and Enforcement Authority Over Service Providers On April 13, 2012, the CFPB published Bulletin 2012-03 that specifically addresses the CFPB supervisory and enforcement authority over Supervised Service Providers that provide services to Supervised Banks and Non-Banks. … Continue reading

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RESPA vs. TILA

RESPA vs. TILA:  Are the Disclosures Confusing or are the Regulations Not Clear? Wednesday, February 29, 2012 The CFPB has identified that the historical use of various material disclosures in the mortgage lending process have proven to be confusing, and … Continue reading

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