The CFPB adopted rules amending disclosure requirements under the Truth-in-Lending Act. The rule adoption: creates tolerances for the total of payments; extends coverage of the
The CFPB issued non-binding policy guidance with respect to early compliance with the 2016 Mortgage Servicing Final Rule (Final Rule). Certain provisions of the Final
The CFPB adopted a rule making technical, non-substantive corrections to the 2016 Mortgage Servicing Rule. Under the rule adoption, the CFPB corrected two typographical errors,
Fannie Mae issued Servicing Guide Announcement SVC-2017-04 (Announcement), setting forth updates to the Servicing Guide. As outlined in the Announcement, several updates to the Servicing
The CFPB announced the asset-size exemption threshold for creditors under the Truth-in-Lending Act (TILA). The asset-size exemption threshold pertains to TILA’s higher-priced mortgage loan escrow
The CFPB announced the asset-size exemption thresholds for depository institutions under the Home Mortgage Disclosure Act (HMDA). For 2017, the exemption threshold will remain at
The Consumer Financial Protection Bureau (CFPB) issued warning letters to 44 mortgage lenders and brokers addressing potential mortgage lending reporting failures. The CFPB identified the
The CFPB amended its guidance on service providers to clarify that the depth and formality of the risk management program for service providers may vary
The CFPB issued guidance concerning the use of the newly redesigned Uniform Residential Loan Application (URLA) for purposes of the Equal Credit Opportunity Act (ECOA)
FHA issued Mortgagee Letter (ML) 2025-14 revising and streamlining policy established in ML 2024-24 (Modernization of Engagement with Borrowers in Default) and providing clarifications to
Hawaii passed a bill amending the state’s nonjudicial power of sale foreclosure laws by adding 2 new sections to Chapter 667 (Foreclosures). Under the bill,
Oklahoma passed a bill amending breach of security requirements. Under the bill, a requirement was added that individuals and entities that own or license personal
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