Guidance to help mortgage servicers comply with forbearance requirements in dealing with consumers affected by the coronavirus (COVID-19) pandemic was issued jointly Thursday by the federal consumer bureau and state financial institution regulators. The guidance, […]
Guidance for servicers of residential mortgage loans on transfers of the loans – apparently a long-time bugaboo of the federal consumer financial protection agency – was outlined late Friday by the agency. According to the […]
A Borrower Protection Program involving the interagency sharing of mortgage servicing information during the coronavirus (COVID-19) national emergency was announced Wednesday by the Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA), […]
Two research papers about small servicers in mortgage lending and the experience of student loan borrowers in income-driven repayment (IDR) programs were issued by the Consumer Financial Protection (CFPB) Friday. The paper on small services, […]
A civil money penalty of $200,000 and restitution of $36,000 must be paid by a Texas mortgage servicer under the terms of a settlement announced Wednesday by the federal consumer financial protection agency. The Consumer […]
Assessments of two Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) rules issued under the 2010 financial reform law focusing on home loan affordability and servicing were announced Thursday by the […]
The Consumer Financial Protection Bureau (CFPB) on Thursday issued a final rule to simplify statement requirements for mortgage servicers working with borrowers in bankruptcy. The revisions, which change provisions in the bureau’s 2016 rule for […]
Penalties of $35 million were assessed against five big banking organizations for mortgage servicing deficiencies, the Federal Reserve said Friday, while at the same time the central bank terminated enforcement actions against those institutions and […]
Restitution of approximately $2.8 million was ordered to be paid by a Kansas bank for deceptive residential mortgage practices, the Federal Reserve said Tuesday. The restitution order, levied against Peoples Bank of Lawrence, Kansas, the […]
Mortgage Servicing Rules Under the Truth in Lending Act (Regulation Z) Federal Register summary: The Bureau of Consumer Financial Protection (Bureau) is proposing amendments to certain Regulation Z mortgage servicing rules issued in 2016 relating […]
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