The CFPB's new servicing rules: More headaches for mortgage servicers

[...]the number and extent of the changes in the New Rule, together with the fact that during this same period the mortgage industry as a whole must also implement the CFPB's new Home Mortgage Disclosure Act (HMDA)/Regulation C changes as well as its recent changes to TILA [Truth in Lending Act...

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Veröffentlicht in:	Banking & Financial Services Policy Report 2016-10, Vol.35 (10), p.1
1. Verfasser:	Jaworski, Robert M
Format:	Artikel
Sprache:	eng
Schlagworte:	Consumer protection Consumers Early intervention Escrow accounts Laws, regulations and rules Loan servicing Loan workouts Mortgage backed securities Mortgage servicing Regulation of financial institutions Regulation X Regulation Z
Online-Zugang:	Volltext
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Beschreibung
Zusammenfassung:	[...]the number and extent of the changes in the New Rule, together with the fact that during this same period the mortgage industry as a whole must also implement the CFPB's new Home Mortgage Disclosure Act (HMDA)/Regulation C changes as well as its recent changes to TILA [Truth in Lending Act]/RESPA [Real Estate Settlement Procedures Act] Integrated Disclosures (TRID), means that the implementation period extended by the CFPB is actually far tighter than it seems.
ISSN:	1530-499X