Links in “Real Estate Settlement Procedures Act (RESPA/Regulation X)”
- 89-Page Compliance Guide Beats 2,000-Page Final Rule
The CFPB's new Small Entity Compliance Guide for the TILA/RESPA integrated disclosures rule clocks in at 89-pages, which seems long, but is substantially more manageable than the nearly 2,000-page final rule. Here's some info on the guide. [4/2]
- OCC Adopts Interagency Examination Guidelines for RESPA/TILA
The OCC announced the adoption of the interagency examination procedures reflecting new mortgage rules requirements under Dodd-Frank with procedures on assessing an institutionâs compliance with the new mortgage rules and conducting examinations. [3/17]
- Self-Reported RESPA Violations Results in Softened Penalties?
Connecticut mortgage lender self-reported potential RESPA violations and reaches a $83,000 settlement with CFPB. [2/25]
- Trade Groups Request Delay of CFPB’s “Know Before You Owe”
Several trade groups have written the CFPB to request a deferral of the "Know Before You Owe" effort until after the RESPA-TILA integrated disclosure rules is implemented. [2/20]
- OCC Updates Mortgage Handbook
The OCCâs updated booklet, âMortgage Banking,â provides new guidance on risk by assessing mortgage banking, key aspects of risk associated with mortgage banking, and amendments to Regulation X and Regulation Z issued by the CFPB. [2/10]
- Rent Rates Connected to Loan Production Results in RESPA Violation
Missouri-based mortgage lender ordered to pay more than $80,000 for funneling illegal kickbacks in the form of rent reduction in exchange for referrals. [1/22]
- CFPB Takes on Kickbacks by Fidelity Mortgage Corp.
CFPB orders Fidelity Mortgage Corp. and former owner to pay $81K for funneling illegal kickbacks to a bank in exchange for real estate referrals in contravention of RESPA. [1/17]
- NCUA Issues Regulatory Alerts on New Mortgage Servicing Rules
NCUA releases two regulatory alerts providing an overview of new mortgage servicing rules under Reg. X (RESPA) and Reg. Z (TILA). [1/15]
- NCUA Issues Reg Alert on RESPA Servicing Rules
Regulatory Alert No. 14-RA-04 provides further guidance for compliance with RESPAâs mortgage servicing rules. The Q&A format addresses force-placed insurance, error resolution and information requests, servicing policies and procedures, early intervention with delinquent borrowers, and loss mitigation. [1/14]
- What Small Servicers Can Take Away from Large Servicer Rules
While the last four sections of the new RESPA servicing rules don't apply to small servicers (those that service less than 5,000 mortgage loans), there is wisdom contained in them that small servicers may consider adopting. [1/9]
