Tag Archives: Implementation

CFPB creates guide for the settlement agent

The CFPB created a resource for settlement agents called “The Settlement Professional’s Guide”. This guide was designed to help settlement professionals navigate through TRID. It highlights what hasn’t changed, what has changed and how to move through a transaction under … Continue reading

Posted in CFPB, CFPB Hot Topics, TRID | Tagged , , , , , | Comments Off on CFPB creates guide for the settlement agent

CFPB expected to address secondary market issues

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. http://www.nationalmortgagenews.com/news/compliance-regulation/cfpb-clarity-on-investors-trid-liability-could-thaw-secondary-market-1079681-1.html

Posted in CFPB, CFPB Hot Topics | Tagged , , , , , , , , | Comments Off on CFPB expected to address secondary market issues

CFPB April 12th webinar recording now available

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. You can … Continue reading

Posted in CFPB, CFPB Hot Topics, CFPB Webinar, TRID | Tagged , , , , , , | 1 Comment

CFPB addresses Negative Amount for Owner’s Title Insurance Policy in webinar

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. Q7: The calculation of … Continue reading

Posted in CFPB, CFPB Webinar, Owner's Title Insurance, TRID | Tagged , , , , , , , | Comments Off on CFPB addresses Negative Amount for Owner’s Title Insurance Policy in webinar

Director Cordray to testify before the Senate Banking Committee

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

Posted in CFPB, CFPB Hot Topics, TRID | Tagged , , , , , , , , , , , | Comments Off on Director Cordray to testify before the Senate Banking Committee

Common TRID errors sent to the CFPB

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

Posted in CFPB, CFPB Hot Topics, Mortage, TRID | Tagged , , , , , , , , , , , , , | Comments Off on Common TRID errors sent to the CFPB

CFPB to host TRID Webinar

The Consumer Financial Protection Bureau (CFPB) announced that the Federal Reserve will be hosting a webinar on the TILA-RESPA Integrated Disclosure (TRID) rule, at 2 p.m. EDT Tuesday, April 12. Anyone who would like to participate in the webinar can register here. … Continue reading

Posted in CFPB, CFPB Hot Topics, TRID | Tagged , , , , , , | 1 Comment

Status of the Homebuyers Assistance Act

The TRID grace period bill has yet to go though.  Read more on the status: TRID Grace Period in Limbo    

Posted in CFPB, CFPB Hot Topics, TRID | Tagged , , , , , , | Comments Off on Status of the Homebuyers Assistance Act

CFPB to host webinar on construction loans

The CFPB announced a webinar on disclosing construction loans under TRID, When: March 1st at 2pm Eastern. To register: https://www.webcaster4.com/Webcast/Page/577/13246

Posted in CFPB, CFPB Hot Topics | Tagged , , , , | Comments Off on CFPB to host webinar on construction loans

CFPB’s complaint department is very busy these days…

According to the 7th volume of the CFPB Monthly complaint report for December 2015 released on Thursday, the bureau has received 790,000 complaints since opening it’s doors in 2011.  Of the 790,000 complaints 209,618 of them were specific to mortgages. Click on the link … Continue reading

Posted in CFPB, CFPB Hot Topics, Mortage | Tagged , , , , , , , , , | Comments Off on CFPB’s complaint department is very busy these days…