Tag: CFPB

CFPB – Agency Announces Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher Priced Mortgage Loans – Dated November 18, 2020

Written by: Lloyd Rutherford, Staff Writer The CFPB is required to calculate annually the dollar amounts for various topics contained in Regulation Z (aka The Federal Truth-in-Lending Act or TILA). This article will address the changes that impact the mortgage industry related to the appraisal requirements for HPML as it relates to smaller loans. Rule […]

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CFBP Issues Final Rule Extending GSE Patch – Dated October 20, 2020

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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CFPB Issues RESPA FAQs

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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CFPB – 7 Administrative Proceedings and Consent Orders for Deceptive Loan Advertisements – NEW MTP™- Deceptive Advertising – Is It Too Good to Be True?

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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You Can’t Believe Everything You Read on the Internet! Most of us know this to be true, yet recently, a lot of lenders got into trouble with Federal Regulators over false advertising practices.  Comment below and I’ll send you a quick fact sheet about what to watch out for when shopping for a home loan. 

Related Article Title: CFPB – 7 Administrative Proceedings and Consent Orders for Deceptive Loan Advertisements – NEW MTP™- Deceptive Advertising – Is It Too Good to Be True? 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 […]

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