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 […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.
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 […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.
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 […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.
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 article we discuss the recently released guidance on this topic from the Federal and State Regulators. Rule Synopsis: The Consumer Financial Protection Bureau […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.
Question: Our company is requiring a conditionally approved loan before they will allow the borrower to lock. Is the rate lock timing the borrower’s or the lender’s decision? Answer: Good question. However, there is no regulation/law that prevents a lender from requiring certain milestones be completed before allowing a loan to be locked. Many lenders […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.
