SoftPro Current is a blog created by the experts at SoftPro to provide up-to-date information on the ebb and flow of the closing and title industry. Whether it's regulatory changes or other important industry topics, SoftPro is your partner and will work alongside you to help make sense of everything.
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- The new CFPB amendments and how they affect your SoftPro software
- CFPB TRID Amendments: what do they mean for the title and closing industry?
- The CFPB released the final TRID amendments intended to provide more clarity and preserve protections for consumers
- NC is at the forefront of first-ever eClosing and plans to make it new standard in state
- Did you know? Indiana joined states with predictable recording fees.
Tag Archives: Director Cordray
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 … Continue reading
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 … Continue reading
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 of … Continue reading
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 under a Trump administration. … Continue reading
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.” … Continue reading
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. The new rulemaking, would incorporate some of the bureau’s existing informal guidance from their … Continue reading
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.” Use this link to access the live webcast on Thursday, April 7th at 10:00 … Continue reading
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 mistakes, … Continue reading
Interesting article on enforcement actions from the CFPB in 2015. What does this mean for 2016? CFPB Doubles Enforcement Actions in 2015
No permanent deputy director named yet but a new acting one was. The CFPB named David Silberman as acting deputy director replacing the current acting deputy director Meredith Fuchs. Silberman currently serves as associate director for research, markets, and regulations at the … Continue reading