Tag Archives: HUD

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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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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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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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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