News & Analysis as of

Valuation Consumer Financial Protection Bureau

Thoughts from the CFPB on Private Mortgage Insurance Cancellation and Termination

by Locke Lord LLP on

On August 4, 2015, the Bureau of Consumer Financial Protection (CFPB) issued a bulletin (CFPB Bulletin 2015-03) to assist residential mortgage servicers and subservicers (Servicers) with their compliance obligations regarding...more

More Paper? CFPB Revamps Disclosure and Delivery Requirements for Valuations under ECOA

by K&L Gates LLP on

Come January 2014, creditors will be required to equip borrowers with more information on how the value of the borrower’s home is determined, even if the creditor doesn’t use that information in making its lending decision....more

CFPB Issues Final ECOA Appraisal Rule

by 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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