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 .
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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...
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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...
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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...
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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...
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The CFPB created a resource for settlement agents called "The Settlement Professional’s Guide". This guide was designed to help settlement professionals navigate through TRID. It highlights what hasn't changed, what has changed and how to move through a...
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Recently the CFPB released proposed amendments to TRID. While the majority of the 293 page document consisted of clarification on existing TRID rules and regulations within the Final Rule there were also some notable sections that stood out:
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7/29/16 4:10 PM
TILA-RESPA Integrated Disclosure Amednments Proposed
Posted by
SoftPro on 7/29/16 4:10 PM
Today, the Consumer Financial Protection Bureau (CFPB) released several proposed amendments to the TILA-RESPA Integrated Disclosure (TRID) rule. The CFPB will be accepting comments to the amendments until October 2016, before final regulations are...
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7/20/16 11:03 AM
CFPB not likely to address title insurance premiums with TRID update
Posted by
SoftPro on 7/20/16 11:03 AM
While the CFPB still has not released any updates to TRID it looks like when they do it won't include changes to the title insurance premiums disclosure rules.
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7/12/16 10:34 AM
Interest rates are down but so is available credit
Posted by
SoftPro on 7/12/16 10:34 AM
While we are seeing all time low interest rates, we aren't seeing the expected increase in loan volume. The tighter rules and regulations tied around obtaining a loan is making it more difficult for a consumer to take advantage of the lower interest...
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