Tag Archives: RESPA Enforcement

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

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TRID Enforcement “Grace Period” granted by CFPB

In response to the letter from Congress, CFPB Director Richard Cordray sent a letter to Congress members Wednesday morning, officially announcing the TRID enforcement grace period. “We share your desire for a smooth and successful implementation of the Rule, and we … Continue reading

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CFPB Takes First Enforcement Action Under New Mortgage Servicing Rules

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.  Flagstar was ordered to pay $27.5 … Continue reading

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CFPB Enforcement Ability

What type of enforcement capability does the CFPB have? Well they recently filed suit against a law firm for illegal real estate kickbacks… CFPB Enforcement Ability  

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