CFPB

CFPB-TRID-RESPA FAQs Update – Loan Estimates

Written By: Tammy Butler, Master CMB The CFPB continues to clarify industry questions from lenders regarding TRID disclosures and RESPA requirements. In this update the bureau addresses frequently asked questions on Loan Estimates. Rule Synopsis: Periodically, the CFPB issues clarifications to the very complex TRID-RESPA rules. They communicate these clarifications through the TRID-RESPA FAQs, which [...]

2019-08-09T13:33:31-05:00August 12th, 2019|

CFPB- Truth in Lending (Reg Z) – Annual Threshold Adjustments for HOEPA and Qualified Mortgages

Written By: Tammy Butler, Master CMB Annual Thresholds for Qualified Mortgages have been issued by the CFPB. Rule Synopsis: The Bureau is required to calculate annually the dollar amounts for several provisions in Regulation Z; this final rule reviews the dollar amounts for provisions implementing TILA and amendments to TILA, including the Home Ownership and [...]

2019-08-09T13:30:25-05:00August 12th, 2019|

Consumer Warning! If you have submitted your Name, Income, Social Security Number, Property Address, Estimated Value or Sales Price and Requested Loan Amount, a lender must issue a Loan Estimate to you. Do not be fooled by those who tell you they need to verify information or ask you for more information prior to giving you a Loan Estimate. It’s the Law!

Related Article Title: CFPB-TRID-RESPA FAQs Update – Loan Estimates Written By: Tammy Butler, Master CMB The CFPB continues to clarify industry questions from lenders regarding TRID disclosures and RESPA requirements. In this update the bureau addresses frequently asked questions on Loan Estimates. Rule Synopsis: Periodically, the CFPB issues clarifications to the very complex TRID-RESPA rules. [...]

2019-08-09T13:04:45-05:00August 12th, 2019|CFPB, Social Media Posts|

CFPB – TRID-RESPA FAQs Update – Construction Loans – Dated May 31, 2019 – Effective Immediately

Written By: Tammy Butler, Master CMB The CFPB continues to clarify industry questions from lenders regarding TRID disclosures and RESPA requirements.  In this update the bureau addresses construction loans. Rule Synopsis: Periodically, the CFPB issues clarifications to the very complex TRID-RESPA rules.  They communicate these clarifications through the TRID-RESPA FAQs, which we have attached below [...]

2019-06-07T10:42:51-05:00June 10th, 2019|

CFPB – Consumer Financial Protection Bureau Releases List of Counties for 2019 that Qualify as Rural or Underserved Counties – Dated March 2019

Written By: Lloyd Rutherford, Staff Writer Each year the CFPB updates their Rural and Underserved Counties list.  You may not think this update applies to your origination business, but read closely and learn from our expert how these underserved areas may be a great niche for you to participate in. Rule Synopsis: Consumer Financial Protection [...]

2019-03-10T14:40:09-05:00March 10th, 2019|