5/4/18 12:29 PM

PHH chooses not to appeal case on CFPB constitutionality to Supreme Court

PHH Corp has decided not to appeal to the Supreme Court the case where they called into question the constitutionality of the Consumer Financial Protection Bureau (CFPB).
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4/24/18 2:44 PM

2016 ALTA Commitment Form - Technical Updates

The ALTA Forms Committee has made technical corrections to the 2016 ALTA Commitment and 2017 ALTA Short Form Commitment for an ALTA Short Form Residential Loan Policy.
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4/24/18 2:43 PM

April State Regulatory Updates

New York – TIRSA – Effective April 9, 2018 On January 10, 2018, the NYS Department of Financial Services approved a Revised TIRSA rate manual. The new rates are effective as of April 9, 2018. The revised rate manual is essentially a restated rate...
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4/20/18 2:08 PM

TRID Improvement Act update

The TRID Improvement Act bill passed a full House vote (271-145) on February 14, 2018.  The next step is the Senate floor for a vote - however, that can take some time.  There are two other possibilities that could help get the bill passed:
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4/20/18 2:08 PM

What you need to know about the CFPB ongoing drama

It's the end of April, and there's still no permanent Director of the CFPB.  The battle between Acting Director Mick Mulvaney and Leandra English is still going strong.  On January 30, 2018 English filed a brief for her appeal in response to the...
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1/31/18 12:22 PM

CFPB declared constitutional by Court of Appeals

According to HousingWire, in a stunning reversal of its previous decision, the full Court of Appeals for the District of Columbia Circuit ruled Wednesday that the Consumer Financial Protection Bureau is constitutionally structured.
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1/24/18 11:01 AM

January State Regulatory Updates

New Jersey Form and Rate Manual Revision – Effective December 31, 2017
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1/23/18 1:06 PM

Ongoing CFPB Drama

Director Cordray officially resigned as Director of the CFPB in November and later announced he would run for governor of Ohio.  President Trump immediately named his budget director, Mick Mulvaney, as the Acting Director of the bureau.  However,...
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1/22/18 11:00 AM

TRID Improvement Act

The U.S. House Financial Services Committee passed the ALTA-supported TRID Improvement Act of 2017 (H.R. 3978) by an overwhelming 53-5 bipartisan vote in mid-November 2017. The bill, introduced by U.S. Reps. French Hill and Ruben Kihuen, corrects the...
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12/19/17 10:02 AM

The New 2016 ALTA Commitment...SoftPro has You Covered!

Although the decertification date of the 2006 ALTA Commitment has been pushed back to August 1, 2018, you can still use the new 2016 Commitment now! SoftPro has worked with the various underwriters to ensure that the updated 2016 ALTA Commitment is...
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