The CFPB took action against NewDay Financial, LLC for deceptive mortgage advertising and kickbacks. NewDay deceived consumers about a veterans’ organization’s endorsement of NewDay products and participated in a scheme to pay kickbacks for customer...
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1/16/15 10:01 AM
Good News for the title and mortgage industry
Posted by
SoftPro on 1/16/15 10:01 AM
Home lending set to bounce back in 2015
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Check out the free Owning a Home Toolkit from the CFPB for assistance in shopping for a mortgage.
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1/14/15 12:57 PM
CFPB Launches program to assist homebuyers as they shop for a mortgage
Posted by
SoftPro on 1/14/15 12:57 PM
The Consumer Financial Protection Bureau (CFPB) released a report finding almost half of consumers don’t shop around for a mortgage when purchasing a home. The CFPB is launching “Owning a Home,” an online toolkit designed to asist buyers as they shop for...
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The Consumer Financial Protection Bureau’s final rule for new integrated mortgage disclosures doesn’t simply combine two disclosures. It merges to federal regulations as well. The new Loan Estimate and Closing Disclosure, which go into effect Aug. 1,...
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1/13/15 9:35 AM
Register now for SoftPro's 2015 User Group Conference
Posted by
SoftPro on 1/13/15 9:35 AM
Register Now for SoftPro’s 2015 User Group Conference – April 8–10, 2015 at Disney’s Contemporary Resort in Lake Buena Vista, Florida. With the new CFPB regulations going into effect August 2015, this will be the most important conference you can attend....
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1/13/15 9:28 AM
Bank of America and Wells Fargo prepare the closing disclosure form
Posted by
SoftPro on 1/13/15 9:28 AM
Bank of America Announcement:
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10/22/14 3:09 PM
CFPB Alters Mortgage Rules to Ensure Credit in Underserved Populations
Posted by
SoftPro on 10/22/14 3:09 PM
The Consumer Financial Protection Bureau (CFPB) finalized minor adjustments to its mortgage rules which will help nonprofit organizations ensure access to credit and servicing for underserved populations.
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The Consumer Financial Protection Bureau has released an updated rules Readiness Guide that includes the TILA-RESPA Integrated Disclosure.
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10/1/14 1:00 PM
CFPB Takes First Enforcement Action Under New Mortgage Servicing Rules
Posted by
SoftPro on 10/1/14 1:00 PM
On September 29th the CFPB issued its first fine under the new mortgage servicing rules. An order was issued against Flagstar Bank for not acting in a timely manner in reviewing loss mitigation applications resulting in borrower's losing their homes....
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