Written by: Lloyd Rutherford, Staff Writer There is a lot of market speculation as to what is going to happen to the QM [Qualified Mortgage] patch that was set to expire next year. Read this update to get the details about how the CFPB is handling this issue with the industry. Rule Synopsis: On October […]
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Written by: Tammy Butler, Master CMB-Publisher Is your marketing compliant? Do you have reason to be concerned that you will be hit with a RESPA violation? RESPA violations can be levied to individuals as well as companies, so be sure to read this FAQ to determine if your marketing efforts need refining. There is a […]
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Written by: Lloyd Rutherford, Staff Writer In today’s world, every bit of advertising that you do is documented and retrievable. Recently there has been a rash of consent orders from the CFPB over false advertising practices. Read this article to learn what you need to avoid. Rule Synopsis: The CFPB completed an audit of a […]
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Written by: Lloyd Rutherford, Staff Writer Understanding what triggers a high-cost mortgage is important to anyone in the origination side of this business. This article reviews the latest update for these thresholds. Rule Synopsis: The CFPB is required to calculate annually the dollar amounts for various topics contained in Regulation Z (aka The Federal Truth-in-Lending […]
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Related Article Title: CFPB and State Regulators Provide Additional Guidance to Assist Borrowers Impacted by the COVID-19 Pandemic – Dated June 4, 2020 Written by: Lloyd Rutherford, Staff Writer There is a lot of conversation and speculation regarding the rights and ultimate effect on home financing for those consumers affected by the Pandemic. In this […]
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