Links in “Real Estate Settlement Procedures Act (RESPA/Regulation X)”
- Last-minute Checklist for Dodd-Frank Day (Jan. 10) Preparations
Kudos to you if you've dealt with the big things, such as ability to repay and qualified mortgage rules and the new RESPA servicing requirements. But there are a myriad of small things to deal with, too, before Jan. 10th's rules go into effect. Here's a checklist. [1/2]
- Key Differences Between Proposed and Final TILA-RESPA Rule
CFPB breaks down the key differences between the proposal and the 1,888 final rule. [11/25]
- Zip-pitydoodah: CFPB Goes Final on Homeownership Counseling Selection Methods
High-Cost Mortgage and Homeownership Counseling Amendments for TILA and RESPA go final with homeownership counseling list provided using data made available by the HUD or CFPB based on applicant Zip Code. [11/14]
- CFPB to Continue Plan to Target Individuals
CFPB has named individuals as defendants in two RESPA-enforcement matters; report that Cordray is wanting to send a signal that individuals are at risk when they do "bad things under the umbrella of a company." [10/30]
- Re: Regulating Referrals and RESPA
A recap of some of the ways lenders can get into trouble by inappropriately compensating someone for providing referrals. [9/12]
- CFPB Releases Semi-Annual Regulatory Agenda
Not many surprises here: mortgage lending will continue to be a strong focus as the agency continues to tweak the new rules that are scheduled to go into effect in January 2014; also, the Bureau is gearing up to issue its final rule on the combined TILA/RESPA disclosure in October 2013 and amending Regs CC and HMDA. [8/5]
- Put on those Reading Glasses: X & Z Amendments Released
CFPB tackles array of Regulation X and Z mortgage rule topics including tough DTI calculation issues on ability to repay (ATR) and prepayment on higher-priced mortgage loans (HPMLs). Exclusions on construction and bridge loans provided on ATR and prepayment penalties.[7/24]
- RESPA/TILA Question on Applicability of Attorney’s Fee
Banker asks if FDIC was correct in citing bank for TILA violation because it did not disclose the attorney's fee as a prepaid finance charge. [7/19]
- New Combined Mortgage Disclosures Expected in the Fall
CFPB announces that new combined TILA/RESPA disclosure rule should be issued this fall; however, the CFPB notes that the implementation date would likely not be until sometime after the other new mortgage rules take effect in January 2014. [7/8]
- Clarifying Amendments Proposed for Regs. B, X, and Z
CFPB's proposed amendments to Reg. B, Reg. X and Reg. Z address mortgage loan servicing, loan originator compensation, fee thresholds for high rate/high fee mortgages and qualified mortgages, exemptions for certain creditors, prohibition on creditor-financed credit insurance, and effective dates for certain provisions. [7/2]
