Category Archives: Newsletters

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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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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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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December 2012 – Compliance Newsletter

CFPB CFPB and FTC Issue Warning and Investigations Triggered by False Mortgage Advertisements November 19, 2012 The CFPB and Federal Trade Commission (FTC) have issued approximately thirty-six warning letters to entities in the mortgage lending industry placing them on notice … 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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March 2012 – Compliance Newsletter

CFPB CFPB Issues Proposed Rule for Defining “Larger Participants.” 77 FR 9592 – Defining Larger Participants in Certain Consumer Financial Product and Service Markets The Bureau of Consumer Financial Protection (CFPB) issued a proposed new regulation pursuant to the Consumer … Continue reading

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February 2012 – Compliance Newsletter

CFPB Nonbank Supervision and Mortgage Origination Examination Procedures. On January 12, 2012, the CFPB released its new procedures around the Nonbank Supervision Program, announced on January 5, 2012, through the publication of the Mortgage Origination Examination Procedures, on January 11, … Continue reading

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