Category Archives: Home

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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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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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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April 2012 – Compliance Newsletter

CFPB CFPB Bulletin 2012-02:  Guidance on Loan Originator Compensation. 4/2/12 –  The CFPB has issued Bulletin 2012-02, in response to questions it has received from loan originators and their firms seeking to comply with compensation rules issued under Regulation Z. … 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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Freeman vs. Quicken Loans

Freeman v. Quicken Loans, Inc.: What Is the Potential Impact Upon Lenders and Brokers? The Issue:  Does Section 8(b) of the Real Estate Settlement Procedures Act (RESPA) prohibit a real estate settlement services provider (including a Lender or Broker), from … Continue reading

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