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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description | [...]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. |
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subjects | 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 |
title | The CFPB's new servicing rules: More headaches for mortgage servicers |
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