Tag Archives: Richard Cordray

Democrats say No and Republicans say Yes to removing Director Cordray

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

Posted in CFPB, CFPB Hot Topics, TRID | Tagged , , , , , | Comments Off on Democrats say No and Republicans say Yes to removing Director Cordray

CFPB announces leadership changes

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

Posted in CFPB, CFPB Hot Topics, TRID | Tagged , , , , , , | Comments Off on CFPB announces leadership changes

CFPB not likely to address title insurance premiums with update to TRID

While the CFPB still has not released any updates to TRID it looks like when they do it won’t include changes to the title insurance premiums disclosure rules. In a recent July 14th letter, Director Cordray said that fixing the … Continue reading

Posted in CFPB, CFPB Hot Topics | Tagged , , , , , , , | Comments Off on CFPB not likely to address title insurance premiums with update to TRID

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

Good news for mortgage lenders from the CFPB

In a letter to the Mortgage Bankers Association the CFPB’s director, Richard Cordray,  said administrative errors in key sections of the new disclosure rules,  would not likely create a scenario where a private investor could sue the lender, or where the lender would face … Continue reading

Posted in CFPB, CFPB Hot Topics, TRID | Tagged , , , , , , , , | Comments Off on Good news for mortgage lenders from the CFPB

House Financial Services Committee grills Director Cordray on Hold Harmlesss Period for TRID

  The House Financial Services Committee annual report from Richard Cordray, director of the Consumer Financial Protection Bureau, on Tuesday morning. When Director Cordray was asked about whether the CFPB will implement a grace period for lenders dealing with the new requirements of … Continue reading

Posted in CFPB | Tagged , , , , , , , , , | Comments Off on House Financial Services Committee grills Director Cordray on Hold Harmlesss Period for TRID

Various industry leaders respond to TRID delay announcement

Below is an interesting article from the National Mortgage Professional magazine which quotes various industry leaders on their reaction to the proposed TRID implementation delay: NMP Article

Posted in CFPB, CFPB Hot Topics, TRID | Tagged , , , , , , , | Comments Off on Various industry leaders respond to TRID delay announcement

CFPB looks to delay TRID implementation to October 1, 2015

Statement by CFPB Director Richard Cordray on Know Before You Owe Mortgage Disclosure Rule WASHINGTON, D.C. — Today, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray issued the following statement on the Know Before You Owe mortgage disclosure rule: “The … Continue reading

Posted in CFPB, TRID | Tagged , , , , , | Comments Off on CFPB looks to delay TRID implementation to October 1, 2015

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

Posted in CFPB, CFPB Hot Topics, TRID | Tagged , , , , , , , , , , | Comments Off on TRID Enforcement “Grace Period” granted by CFPB