by | Oct 3, 2017 | CFPB, Closing, Education, Fraud, Government Oversite, Industry News, RESPA, Title Insurance
The CFPB takes RESPA matters seriously. While many states, like Minnesota, require a disclosure form describing the relationship between lenders, real estate agents, title companies, appraisers, etc., those who do not disclose those relationships are up for serious...
by | Jul 10, 2017 | CFPB, Closing, Common Interest Communities, Education, Government Oversite, Industry News, Privacy and Public Records, Real Estate Law, RESPA, TRID Truth in Lending RESPA Integrated Disclosure
Press Release July 7, 2017 The Consumer Financial Protection Bureau (CFPB) today 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...
by Jeanne | May 24, 2017 | CFPB, Closing, FinCEN, FNMA /Fannie Mae, Foreclosure, Fraud, Government Oversite, Industry News, Must Read and See, Privacy and Public Records, RESPA, SEC Securities and Exchange Commissionn, TRID Truth in Lending RESPA Integrated Disclosure
CFPB Seeks Servicing Agent Comments on Proposed Mortgage Servicing Rules. This is an important discussion for Service Providers who work for Mortgage Lenders LINK TO CFPB POST By Erik Durbin and Paul Rothstein – MAY 04, 2017 Today, we’ve released our plan to assess...
by Jeanne | Feb 13, 2017 | CFPB, Closing, Education, Government Oversite, Industry News, mortgage, RESPA
CFPB Orders Prospect Mortgage to Pay $3.5 Million Fine for Illegal Kickback Scheme Real Estate Brokers and Mortgage Servicer also Ordered to Pay $495,000 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) today took action against Prospect Mortgage,...
by | May 25, 2016 | CFPB, Closing, Education, Government Oversite, RESPA, TRID Truth in Lending RESPA Integrated Disclosure
The “TRID Rule” is short for the TILA-RESPA Integrated Disclosure where the Consumer Financial Protection Bureau (CFPB) consolidated the number of required disclosure forms from four to two. Under the original Truth in Lending Act (TIL) and Real Estate Procedure Act...
by Jeanne | Apr 9, 2016 | CFPB, Closing, Education, Government Oversite, Industry News, RESPA, TRID Truth in Lending RESPA Integrated Disclosure
Clarifying comments from Richard Cordray of the CFPB on Closing Liability where Closing Agents have agreed to share in responsibility for TRID. RESPA NEWS: “The Know Before You Owe mortgage disclosure rule (TRID) places responsibility for the accuracy and delivery of...