Some guidance documents tied to the Real Estate Settlement Procedures Act were not among the dozens of guidance documents withdrawn by the CFPB earlier this year.
CFPB proposal on ECOA being reviewed by OMB; NTEU drops one lawsuit against CFPB; ABA asks federal agencies to make sure OCC upholds a national bank preemption standard.
The CFPB’s potential rescission of the LO compensation rule won’t fully exempt mortgage companies from the rule’s requirements, according to an industry attorney.
The New York Department of Financial Services’ revised proposal doesn’t include any of the substantial changes sought by mortgage industry stakeholders.
Select Portfolio Servicing allegedly charged borrowers up to $15 in fees to make a mortgage payment online or by phone when its actual cost of processing was less than 50 cents per transaction.
While the state has traditionally viewed mortgage foreclosures to be subject to a 10-year statute of limitations, mortgage borrowers are challenging that viewpoint.