Stephen M. Quinlivan

Stephen M. Quinlivan

Stinson Leonard Street

Contact  |  View Bio  |  RSS

Latest Posts › Mortgages

Share:

CFPB Revises Mortgage Servicing Transfer Guidance

The CFPB believes there are potential risks to consumers that may arise in connection with transfers of residential mortgage servicing rights. The CFPB has stated its concern in this area remains heightened due to the...more

8/21/2014 - CFPB Mortgage Servicers Mortgages Real Estate Transfers

FNMA Survey Indicates QM Rules Lead to Increased Lender Costs

FannieMae has released a survey that indicates the CFPB’s Ability-to-Repay (“ATR”) and Qualified Mortgage (“QM”) rules will lead to increased lender costs. Specifically, most firms (74%) reported that they expect their...more

8/15/2014 - Ability-to-Repay CFPB Fannie Mae Mortgages Qualified Mortgage Rule

CFPB Proposes Amendments to Home Mortgage Disclosure Act

The CFPB has proposed a rule to improve information reported about the residential mortgage market. According to the CFPB, the rule would shed more light on consumers’ access to mortgage credit by updating the reporting...more

7/25/2014 - CFPB Disclosure HMDA Mortgages

CFPB Takes Action Against Inaccurate Mortgage Loan Reporting

The CFPB has ordered Mortgage Master, Inc. and Washington Federal to pay civil penalties for violating the Home Mortgage Disclosure Act, or HMDA, which requires certain mortgage lenders to accurately collect and report data...more

10/10/2013 - CFPB HMDA Mortgages Reporting Requirements

Many Banks Not Ready For New CFPB Mortgage Rules

In a letter to various regulators, the American Bankers Association noted survey data which highlights practical challenges associated with fully complying with all of the CFPB’s requirements for new mortgage-related rules...more

8/29/2013 - American Bankers Association Banks CFPB Community Banks Compliance Mortgages

CFPB Amends Ability-To-Repay Rule

The CFPB has amended its Ability-to-Repay rule to facilitate access to credit by creating specific exemptions and modifications to the CFPB’s Ability-to-Repay rule for small creditors, community development lenders, and...more

5/30/2013 - Ability-to-Repay CFPB Creditors Lenders Mortgages Qualified Mortgage Rule

CFPB Takes Action Against Mortgage Insurers To End Kickbacks To Lenders

The CFPB has announced four enforcement actions to end what the Bureau believes to be improper kickbacks paid by mortgage insurers to mortgage lenders in exchange for business. The CFPB filed complaints and proposed consent...more

4/8/2013 - CFPB Insurers Kickbacks Lenders Mortgages Penalties

CFPB Lays Out Implementation Plan For New Mortgage Rules

The CFPB announced a plan it will implement over the next year that focuses on the mortgage industry’s compliance with new consumer protections that go into effect in January 2014. In an effort to support rule implementation...more

2/14/2013 - CFPB Mortgages

CFPB Issues Bulletin On Mortgage Servicing Transfers

The CFPB has issued a bulletin advising mortgage companies about their legal obligations that protect consumers during loan transfers between mortgage servicers. The CFPB is concerned that when handing over the processing of...more

2/12/2013 - CFPB Mortgage Loan Servicing Standards Mortgages

CFPB Adopts Rules To Prevent Loan Originators From Steering Consumers Into Risky Mortgages

The CFPB has issued rules to prevent mortgage lenders from steering borrowers into risky and high-cost loans. According to the CFPB, the rules ban certain incentives that loan originators had to sell unsafe loans to consumers...more

1/21/2013 - Borrowers CFPB Higher-Priced Mortgage Loans Lenders Mortgage Loan Originators Mortgages SAFE

CFPB Issues Rules On Qualified Mortgages

The Consumer Financial Protection Bureau, or CFPB, has adopted a new rule that requires lenders to ensure prospective buyers have the ability to repay their mortgage....more

1/11/2013 - CFPB Mortgages

CFPB Halts Alleged Nationwide Mortgage Loan Modification Scams

The CFPB has announced actions to halt two alleged mortgage loan modification scams it believes ripped-off thousands of struggling homeowners across the country. According to the CFPB, these operations took in more than $10...more

12/12/2012 - CFPB Foreclosure Fraud Loan Modifications Mortgages Scams

12 Results
|
View per page
Page: of 1