News & Analysis as of

Liens Mortgages Consumer Financial Protection Bureau (CFPB)

Orrick - Finance 20/20

CFPB Issues Final Rule on Higher-Priced Mortgage Loan Escrow Exemption

On January 19, the CFPB issued a final rule exempting certain insured depository institutions and insured credit unions from the requirement to establish escrow accounts for certain higher-priced mortgage loans (HPMLs). The...more

Orrick - Finance 20/20

CFPB Proposes New Category of Qualified Mortgages

On August 18, the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking (NPRM) to create a new category of qualified mortgage (QM) loans exempt from Regulation Z’s ability-to-repay requirements....more

Ballard Spahr LLP

CFPB Issues Final ECOA Appraisal Rule

Ballard Spahr LLP on

The Consumer Financial Protection Bureau has issued a final rule to implement Dodd-Frank amendments to the Equal Credit Opportunity Act that require creditors to provide to a first lien mortgage applicant a copy of all...more

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