News & Analysis as of September 20, 2024

Mortgages › CFPB Bulletins

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

CFPB Warns Mortgage Servicers: Unprepared is Unacceptable

Perkins Coie on 4/6/2021

The CFPB issued a compliance bulletin on April 1st warning mortgage servicers to take all necessary steps to prevent a wave of foreclosures this fall. The CFPB advised that beginning with the expiration of the federal...more

Mortgage Servicers: Keep an Eye on the CFPB’s Advice to Borrowers Impacted by COVID-19

Bradley Arant Boult Cummings LLP on 4/2/2020

On March 31, 2020, the CFPB posted a “Guide to coronavirus mortgage relief options,” which provides instruction to mortgage loan borrowers who may be impacted by COVID-19 on when and how to go about obtaining assistance....more

CFPB releases Spring 2016 rulemaking agenda

Ballard Spahr LLP on 5/23/2016

The CFPB has released its Spring 2016 rulemaking agenda. The agenda sets the following timetables for key rulemaking initiatives: Arbitration. The Spring 2016 agenda does not reflect the CFPB’s release of its proposed...more

CFPB Bulletin on Marketing Services Agreements: Not Per Se Unlawful, But . . . .

Morrison & Foerster LLP on 10/12/2015

The Consumer Financial Protection Bureau (CFPB) on October 8, 2015 issued Compliance Bulletin 2015-05, RESPA Compliance and Marketing Services Agreements (Bulletin). The Bulletin represents another significant signpost along...more

CFPB Publishes Bulletin on Respa Compliance and Marketing Services Agreements

Sheppard Mullin Richter & Hampton LLP on 10/10/2015

For some time now, the residential lending community has been concerned that the Consumer Financial Protection Bureau has taken unclear positions with respect to marketing services agreements (MSA’s) in its enforcement...more

Marketing Services Agreements Pose Grave Compliance Risk – Mortgage and Real Estate Industry on Notice

Bradley Arant Boult Cummings LLP on 10/9/2015

The CFPB issued Compliance Bulletin 2015-05 (Bulletin) today, which sets forth its position concerning the use of Marketing Services Agreements (MSAs) by mortgage companies and settlement service providers. Importantly, the...more

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