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...
Read More
5/12/17 12:17 PM
North Carolina at forefront of first-ever eClosing
Posted by
Ellen Crema on 5/12/17 12:17 PM
So exciting to see that North Carolina passed a major milestone in the housing finance industry this month, performing its first ever eClosing!
Read More
5/9/17 5:08 PM
Did you know? Indiana joined states with predictable recording fees.
Posted by
SoftPro on 5/9/17 5:08 PM
According to ALTA, Indiana became the latest state to enact legislation that enacts predictable recording fees, which helps facilitate fee accuracy and compliance with the TILA-RESPA Integrated Disclosures rule.
Read More
4/14/17 11:35 AM
CFPB proposes new changes to Home Mortgage Disclosure Act (HMDA)
Posted by
SoftPro on 4/14/17 11:35 AM
According to Housing Wire, the Consumer Financial Protection Bureau issued a much-asked-for proposal to clarify the 2015 updates to the Home Mortgage Disclosure Act rule, in order to help ensure industry compliance, according to the national regulator.
Read More
While still higher than last year, mortgage rates have broken their holding pattern and dropped, according to Freddie Mac.
Read More
2/28/17 9:57 AM
CFPB Appeal | CFPB to defend constitutionality to full court
Posted by
SoftPro on 2/28/17 9:57 AM
The CFPB appealed the October ruling in which a 3 judge panel ruled in favor of PHH. The CFPB asked the court to rehear the case en banc, meaning the entire court would hear the case, rather than the three judges who initially presided over the case .
Read More
In a memo leaked by Rep. Hensarling it look as if the republicans are looking to substantially change the structure of the C.F.P.B. and limit the scope of its authority. While it is unlikely that the republicans would be able to repeal all of Dodd-Frank...
Read More
1/11/17 10:20 AM
Democrats say No and Republicans say Yes to removing Director Cordray
Posted by
SoftPro on 1/11/17 10:20 AM
A group of 21 Democrats in the U.S. House of Representatives has written a letter to President-elect Donald Trump asking him not to remove Richard Cordray as Director of the Consumer Financial Protection Bureau. Meanwhile, republican senators Ben Sasse...
Read More
With less than two weeks before Donald Trump’s inauguration, the Consumer Financial Protection Bureau has released five changes to its senior leadership lineup. This leadership changeup comes at a time of uncertainty as the CFPB faces an unknown future...
Read More
11/9/16 11:28 AM
How will the outcome of the election affect housing reform?
Posted by
SoftPro on 11/9/16 11:28 AM
No one knows...not really. President-elect Donald Trump didn't say much over the past 18 months regarding the mortgage industry and housing reform. What this means is we don't really know what to expect. We do know that the GOP has control of the House...
Read More
