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Volume 18 - Number 9

May 2, 2014

Are Vendors Ready for CFPB eClosing Guidelines?

As previously reported by Inside Mortgage Trends, the Consumer Financial Protection Bureau did in fact announce plans last week to roll out a voluntary eClosing pilot project later this year – along with guidelines that lay out the minimum functions required of participants as well as the features the CFPB wants to test in the pilot. To join the bureau’s pilot on electronic closings, each participant must have a system that meets minimal technical capabilities and requirements ...

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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