Final Rule Implements Flood Insurance Changes
Regulators finalized a rule Monday requiring banks to escrow flood insurance premiums and fees for loans on real estate located in a flood zone. News
CFPB Delays TRID Two More Days to Schedule Saturday Launch
The Consumer Financial Protection Bureau's new mortgage integrated disclosure rules will now take effect Saturday, Oct. 3, two days later than the previously rescheduled Oct. 1 deadline. News
FHA Issues New Guidance on Loan Defects
FHA tries to clarify what loan defects will bring the harshest penalties to guide lenders and instill more confidence. News
Here’s Why CFPB Had to Delay the TRID Deadline
It turns out the Consumer Financial Protection Bureau's failure to file a two-page form to Congress on time was the unspecified "administrative error" that delayed the effective date for new mortgage disclosure rules. News
CFPB Delays Mortgage Disclosures Due to ‘Administrative Error’
After months of declining industry and congressional pleas to delay an impending rule combining two mortgage disclosure regimes, the Consumer Financial Protection Bureau on Wednesday announced a two-month delay due to an "administrative error." News
Banks Win Disclosure Battle by Default as CFPB Blunders
A technical error made by the Consumer Financial Protection Bureau has become a saving grace for lenders who had pushed, begged and pleaded for more time to comply with a new mortgage disclosure rule. News
Lawmakers Spar Over TRID ‘Grace Period’
Several House lawmakers joined the call Thursday for a formal grace period for new mortgage disclosures that would go beyond an earlier decision by the Consumer Financial Protection Bureau. News
OCC Crackdown Shows Continued Failures in Mortgage Servicing
Six servicers were cited for a range of infractions, including a failure to respond to requests for loan modifications and not doing enough to prevent foreclosures. Punishment was harsh for Wells Fargo and HSBC, which are banned from acquiring mortgage servicing rights and entering into new servicing contracts. News
FHFA Finalizes Higher Capital Requirements on Nonbank Servicers
Nonbank servicers selling and buying Fannie and Freddie MSRs must meet new capital and liquidity requirement to transfer servicing. News
Congress Urges CFPB to Delay Enforcement of New Mortgage Disclosures
Hundreds of lawmakers from both sides of the political aisle are pushing for the Consumer Financial Protection Bureau to grant a grace period for banks, credit unions and other lenders to comply with a new mortgage disclosure rule. News
