4/20/18 2:08 PM
What you need to know about the CFPB ongoing drama
Posted by
SoftPro on 4/20/18 2:08 PM
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 January...
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1/31/18 12:22 PM
CFPB declared constitutional by Court of Appeals
Posted by
SoftPro on 1/31/18 12:22 PM
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 theConsumer Financial Protection Bureauis constitutionally structured.
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New Jersey Form and Rate Manual Revision – Effective December 31, 2017
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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, prior to...
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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!
Posted by
SoftPro on 12/19/17 10:02 AM
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 ready...
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11/8/17 1:29 PM
Decertification Date of 2006 ALTA Commitment Changed to August 1, 2018
Posted by
SoftPro on 11/8/17 1:29 PM
ALTA recently announced that on August 1, 2018, both the ALTA Commitment (06-17-06) and the ALTA Short Form Commitment (10-16-08) will be decertified from the current collection of standard ALTA forms and moved to the archives. The original...
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7/20/17 9:22 AM
The new CFPB amendments and how they affect your SoftPro software
Posted by
SoftPro on 7/20/17 9:22 AM
As you may know, the Consumer Financial Protection Bureau (CFPB) recently finalized updates to its “Know Before You Owe” mortgage disclosure rule on July 7. For a full summary of the final amendments from the CFPB, click here.
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7/11/17 5:22 PM
CFPB TRID Amendments: what do they mean for the title industry?
Posted by
SoftPro on 7/11/17 5:22 PM
As many of you know, CFPB recently released amendments to its TRID rule. While we would have preferred to see the CFPB address the owner's title insurance calculations, not much changed from the proposal except the “optional” implementation date.
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On July 7, the Consumer Financial Protection Bureau (CFPB) finalized updates to its “Know Before You Owe” mortgage disclosure rule with amendments that are intended to formalize guidance in the rule, and provide greater clarity and certainty. The...
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