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InfoBytes Special Alert: CFPB Finalizes Amendments To The Ability-To-Repay/Qualified Mortgage Rule

Yesterday afternoon, the Consumer Financial Protection Bureau (“Bureau”) finalized important amendments (the “Amendments”) to its ability-to-repay/qualified mortgage rule (the “Rule”) concerning the extent to which loan...more

5/31/2013 - Ability-to-Repay CFPB Creditors Loans Mortgage Brokers Mortgage Loan Originators Mortgages Qualified Mortgage Rule

InfoBytes Special Alert: Detailed Analysis Of CFPB's Final Escrow Rule

On January 10, 2013, the Consumer Financial Protection Bureau issued its final rule on escrow account requirements for first-lien higher-priced mortgage loans. The rule amends existing escrow requirements and exemptions for...more

2/15/2013 - Ability-to-Repay Appraisal CFPB Condominiums Disclosure Requirements Dodd-Frank Escrow Holders First-Lien Higher-Priced Mortgage Loans HOEPA Loans Mortgage Escrow Account Prepayment Penalties PUDs Regulation Z RESPA TILA

Special Alert: CFPB Issues Final Rule Requiring Provision Of Copies Of Appraisals And Valuations To Credit Applicants

On January 18, the Consumer Financial Protection Bureau (CFPB) issued a final rule that implements amendments made by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) to the Equal Credit...more

1/31/2013 - Appraisal CFPB Disclosure Requirements Dodd-Frank Mortgages

Special Alert: Banking Agencies Adopt Final Rule Requiring Appraisals For Higher-Priced Mortgage Loans

On January 18, the Federal Reserve Board, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation, Federal Housing Finance Agency, National Credit Union Administration, and Office of the Comptroller...more

1/31/2013 - CFPB Dodd-Frank Equal Credit Opportunity Act Higher-Priced Mortgage Loans Mortgages

InfoBytes Special Alert: Detailed Analysis Of CFPB's High-Cost Mortgage Rule - January 25, 2013

On January 10, 2013, the Consumer Financial Protection Bureau (the “Bureau”) issued a final rule (the “Rule”) that amends Regulation Z (Truth in Lending) to implement changes to the Home Ownership and Equity Protection Act...more

1/25/2013 - CFPB Disclosure Requirements Dodd-Frank Higher-Priced Mortgage Loans HOEPA Loans Mortgages Regulation Z TILA

Infobytes Special Alert: Detailed Analysis Of CFPB's Final Ability-To-Repay/Qualified Mortgage Rule

After considering a proposed rule and comments for more than a year and a half, the Consumer Financial Protection Bureau (the “Bureau”) has issued its highly anticipated final “Ability-to-Repay” rule (the “Rule”) governing...more

1/24/2013 - Ability-to-Repay CFPB Foreclosure Higher-Priced Mortgage Loans Mortgages Qualified Mortgage Rule Regulation Z Safe Harbors TILA Underwriting

OCC Issues Proposed Rule to Implement Dodd-Frank Preemption

The OCC issued a proposed rule on May 25, 2011 to implement certain provisions of the Dodd-Frank Wall Street Reform Act, which became effective July 21, 2011. The rule includes National Bank Act preemption provisions that...more

6/22/2011

OCC Issues First Interpretation of Dodd-Frank Preemption Provisions, But Questions Remain

This article, first appearing in Consumer Financial Services Law Report (6/8/2011), discusses the OCC's response to a request from Senators Thomas Carper (D-Del) and Mark Warner (D-Va) that the OCC clarify its interpretation...more

6/8/2011

The SAFE Act's Unlevel Playing Field: Nondepository Mortgage Lenders Face Much Steeper Compliance Costs Under the SAFE Act's...

Since Congress passed the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the SAFE Act), mortgage loan originators and non-depository mortgage companies have learned that the promised uniformity of regulation...more

7/1/2010

The SAFE Act's Unlevel Playing Field: Nondepository Mortgage Lenders Face Much Steeper Compliance Costs Under the SAFE Act's...

Since Congress passed the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (the SAFE Act), mortgage loan originators and non-depository mortgage companies have learned that the promised uniformity of regulation...more

7/1/2010

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