Tag: CFPB

COVID-19, Job reduction or income loss can be stressful to even the strongest of us. The Consumer Financial Protection Bureau and State Regulators issued a “Consumer Relief Guide – Your Rights to Mortgage Payment Forbearance and Foreclosure Protection Under the Federal CARES Act”.  If you would like a copy, please comment below and I will send it to you! 

COVID-19, Job reduction or income loss can be stressful to even the strongest of us. The Consumer Financial Protection Bureau and State Regulators issued a “Consumer Relief Guide – Your Rights to Mortgage Payment Forbearance and Foreclosure Protection Under the Federal CARES Act”.  If you would like a copy, please comment below and I will send it to you! 

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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FHA HECM Updates – NY Licensing – Appraisals – CFPB Exams

Written by: Melinda Hipp, Staff Writer Following are the FHA HECM updates for June.  If you work with reverse mortgages, this is a must-read update! Updates: The New York Department of Financial Services (DFS) published new NMLS licensing guidelines for New York State licensed mortgage bankers seeking to originate Home Equity Conversion Mortgages (HECMs) and proprietary reverse […]

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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 article we discuss the recently released guidance on this topic from the Federal and State Regulators. Rule Synopsis: The Consumer Financial Protection Bureau […]

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CFPB Updates TRID FAQs and Issues Fact Sheet

Written by: Tammy Butler, Master CMB-Publisher The CFPB issued two important updates on June 9, 2020. A Fact Sheet called – TRID Title Insurance Disclosures, and an Update to their TRID FAQs. Fact Sheet – TRID Title Insurance Disclosures The fact sheet: •Describes owner’s title insurance and lender’s title insurance. •Discusses how to disclose lender […]

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Consumer Financial Protection Bureau Announces Relief Options for Rescission Periods (Reg Z + TILA), TRID Rule Waiting Periods (TRID + Reg Z) and Delivery of Appraisals (ECOA Valuations Rule) – Dated April 29, 2020

Written by: Lloyd Rutherford, Staff Writer No matter how long you have been in the industry, the COVID-19 Pandemic is a first for all of us including the CFPB.  To offer consumers relief, the CFPB has added guidance to allow lenders some flexibility during this time.  All originators should read through these changes so that […]

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