News & Analysis as of September 21, 2024

Mortgages › Small Credit Institutions

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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 +

Orrick's Financial Industry Week In Review

Orrick, Herrington & Sutcliffe LLP on 5/19/2017

Financial Industry Developments - Changes Proposed to CAS and STACR Programs - On May 8, 2017, Fannie Mae and Freddie Mac announced that they are considering certain changes to the structure of their CAS and STACR...more

CFPB Publishes List of Rural Counties and Underserved Areas

BakerHostetler on 11/2/2015

We have an update to our September 23 post regarding the CFPB’s expanded definition of “small creditors” and “rural areas” for purposes of meeting the requirements of qualified mortgages. As first reported by Housing Wire,...more

Amendments Relating to Small Creditors and Rural or Underserved Areas Under the Truth in Lending Act (Regulation Z)

MoFo Reenforcement on 10/5/2015

The CFPB is amending certain mortgage rules issued by the Bureau in 2013. This final rule revises the Bureau’s regulatory definitions of small creditor, and rural and underserved areas, for purposes of certain special...more

CFPB Proposes Eased Mortgage Restrictions on Smaller Financial Institutions

Manatt, Phelps & Phillips, LLP on 2/18/2015

Why it matters - Seeking to reassure smaller financial institutions struggling to cope with regulatory changes in the mortgage industry, the Consumer Financial Protection Bureau (CFPB) proposed changes intended to...more

CFPB proposes amendments to “small creditor,” “rural” exemptions

Ballard Spahr LLP on 2/4/2015

On January 29, the CFPB proposed amendments to the portions of Regulation Z governing mortgages made by small creditors. In the same notice, the CFPB also proposed amendments to Regulation Z’s definition of the term “rural,”...more

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