Compliance & Regulation

The Consumer Financial Protection Bureau is forging ahead with its plan to release a single mortgage disclosure form by July 21, despite industry calls to slow down the process.

The Consumer Financial Protection Bureau is coming under industry pressure to delay finalizing a merger of the RESPA/TILA mortgage disclosure forms until the qualified mortgage and qualified residential mortgage rules are finalized.

Operation Twist, which involves sales or redemptions of shorter-term securities and investments in an equal amount of longer-term securities, was slated to end this month, but the Fed instead has chosen to continue it through yearend.

When I suggested yesterday that mortgage lenders might contemplate an origination ‘strike’ as a bargaining tool to kill overly zealous regulations the idea was to have banks and nonbanks alike participate in such an action of civil disobedience.

Both bills validate the work field services companies do to maintain properties on behalf of their clients to maintain properties in their portfolios and reduce blight in communities across the country.

The Consumer Financial Protection Bureau promoted Steven Antonakes to head its bank supervision division and placed Paul Sanford in charge of large bank supervision.

Traditionally, underwriting focused on applying a static set of guidelines to determine an approve/reject decision.

The concept of the certified loan is a “game changer” that can help protect lenders from fraudulent applicants.

A group of former policymakers is arguing that the government is not making good use of the regulatory reforms enacted in the Dodd-Frank Act nearly two years ago.

Moody’s noted that improvements in the apartment market have dissipated in recent months after the index soared to roughly 140.