The effective date for implementation of the “TILA-RESPA Integrated Disclosure” rule, or “TRID” for short, is just around the corner – October 3rd. Originally the effective date was August 1st but that date was extended by...more
9/28/2015
/ Closing Documents ,
Consumer Financial Protection Bureau (CFPB) ,
Disclosure Requirements ,
HUD ,
Mortgage Escrow Account ,
Mortgage Rules ,
Mortgages ,
Regulation X ,
Regulation Z ,
RESPA ,
TILA-RESPA Integrated Disclosure Rule (TRID) ,
Truth in Lending Act (TILA)
The Consumer Financial Protection Bureau (“CFPB”) recently issued or perhaps had to issue a proposed amendment to the “Know Before You Owe mortgage disclosure rule,” also known as the “TILA-RESPA Integrated Disclosure” rule,...more
7/24/2015
/ Closing Documents ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Veterans Affairs ,
Dodd-Frank ,
Federal Reserve ,
HUD ,
Mortgage Brokers ,
Mortgage Lenders ,
Mortgage Loan Originators ,
Mortgages ,
Proposed Amendments ,
Real Estate Settlement Procedures Act ,
Regulation Z ,
TILA-RESPA Integrated Disclosure Rule (TRID) ,
Truth in Lending Act (TILA)
Let’s revisit the Flagstar Bank case which I touched on in my November 20, 2014 posting. This is an important case for a number of reasons, most notably because it was the CFPB’s first enforcement action under the CFPB’s new...more
1/9/2015
/ Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Department of Justice (DOJ) ,
Enforcement Actions ,
Fair Housing Act (FHA) ,
Flagstar Bank ,
Fraud ,
HUD ,
Loan Modifications ,
Loss Mitigation ,
Mortgage Servicers ,
Mortgage Servicing Rules