On January 26, 2021, President Biden issued a memorandum (the “Memorandum”) to the Secretary of Housing and Urban Development (HUD).
On January 26, 2021, President Biden issued a memorandum (the “Memorandum”) to the Secretary of Housing and Urban Development (HUD).
On December 28th, 2020, the FHFA, the conservator for Fannie Mae and Freddie Mac, issued a request for input on appraisal-related policies, practices and processes for loans to be deliverable to the GSEs.
On December 10th, the Consumer Financial Protection Bureau (CFPB) announced two final rules to complete its planned revisions to the TILA ability-to-repay (ATR) rule.
The CFPB published an assessment of the TRID Integrated Disclosures Rule. The Dodd-Frank Act requires the CFPB to assess each ‘significant rule’ created by the Dodd-Frank Act and to publish the results of the assessment within five years of the rule’s effective date.
On September 14th, the CFPB announced the eighth in a series of consent orders with mortgage lenders after investigations uncovered alleged deceptive advertising directed to military service-members and veterans.
On July 24th, the CFPB announced plans to issue an advance notice of proposed rulemaking later this year implementing a section of the 2010 Dodd-Frank Act regarding consumer access to financial records held by, among others, residential mortgage lenders.
The CFPB announced two separate notices of proposed rulemaking to address the coming expiration of TILA qualified mortgage (QM) status for the ‘GSE Patch.
The CFPB recently published two Factsheets outlining lender obligations under the Equal Credit Opportunity Act (ECOA) Valuations Rule.
On April 22nd, MISMO announced a certification program for remote online notarization providers, designed to increase adoption of RON-enabled digital mortgage closings.
On March 27th, the CFPB issued a public request for information (RFI) to obtain input on areas where it should focus its research and analysis. The comment period ends on June 1, 2020.