6/13/16 2:26 PM
CFPB expected to address secondary market issues
Posted by
SoftPro on 6/13/16 2:26 PM
With investors worried about the consequence of errors on the CDF it is expected that the CFPB will address the secondary market concerns in their clarifications expected this July. To read more click below.
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5/13/16 9:10 AM
CFPB publishes annotated versions of the LE and CDF
Posted by
SoftPro on 5/13/16 9:10 AM
The CFPB has published annotated versions of the Loan Estimate (LE) and Closing Disclosure (CD). The have noted the sections of chapter 2 (Part B) of TILA that the CFPB says were “referenced in the Integrated Mortgage Disclosure final rule.” Provisions...
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5/10/16 11:10 AM
Fannie and Freddie lower mortgage modification interest rates
Posted by
SoftPro on 5/10/16 11:10 AM
Beginning May 13, Fannie Mae and Freddie Mac will lower the standard modification interest rate from 3.75% to 3.625%, the lowest it has been since the program began in 2012. To read more click ...
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5/4/16 1:32 PM
Know Before You Owe Mortgage Disclosure Rule Webinar
Posted by
SoftPro on 5/4/16 1:32 PM
On Tuesday, April 12 at 2 p.m. EDT, the Federal Reserve hosted a webinar on the Know Before You Owe mortgage disclosure rule. A link to a recording of this webinar is now available on the Bureau’s website.
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Seven months after the implementation of the CFPB’s TILA-RESPA Integrated Disclosure (TRID) rule, the bureau announced a notice of proposed rulemaking expected to be released by late July.
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4/14/16 12:25 PM
CFPB Addresses Negative Amount for Owner’s Title Insurance Policy
Posted by
SoftPro on 4/14/16 12:25 PM
The CFPB provided guidance to the industry on the negative amount for owner's title insurance policy question during their webinar on April 12, 2016. Below is the question and response from the CFPB during the webinar.
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Did you know that some of the issues we are seeing on the secondary market can be fixed at closing?
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4/5/16 12:24 PM
Director Cordray to testify before the Senate Banking Committee
Posted by
SoftPro on 4/5/16 12:24 PM
This Thursday, April 7th at 10:00 am EST, Director Cordray will testify before the Senate Banking Committee in a session called “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.”
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JPMorgan Chase is selling their rural housing business to Freedom Mortgage in an attempt to simplify their mortgage business.
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4/5/16 10:05 AM
Homebuyers Assistance Act Bill | Common TRID errors sent to the CFPB
Posted by
SoftPro on 4/5/16 10:05 AM
In a recent letter to the CFPB's Director Cordray, the Association of Mortgage Investors shed some light on some of the common mistakes that have come about from TRID. The letter addressed industry concerns over mistakes being made, albeit minor...
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