As part of our commentary series, GuardianDocs President Jonathan Kunkle discusses the TRID compliance issues his company has faced since the rule became effective three months ago.
Read More »CFPB: Consumers are Complaining Less About Ocwen
Ocwen Financial's activities have been the subject of much scrutiny. According to the CFPB's latest report, things may be looking up for the servicer.
Read More »Do the CFPB’s Massive Data Collection Efforts Pose a Threat to Americans?
Are these data collection efforts dangerous to the privacy and security of American consumers, or are they necessary for the Bureau to complete its regulatory objectives?
Read More »Shocker: 9 in 10 Loans Don’t Pass TRID Requirements
Consumer Financial Protection Bureau Director Richard Cordray recently passed off the widespread anxiety over TRID compliance as being no big deal and compared the rule to the over-hyped panic over Y2K. But did he speak too soon?
Read More »What Changes Are Coming to the CFPB’s Consumer Complaint Database?
Many mortgage industry stakeholders are calling for the Bureau to strive for more accuracy and consistency when publishing narratives of consumers' complaints.
Read More »CFPB Receiving Fewer Mortgage-Related Complaints on Ocwen
One reason for the turnaround in complaints could be that Ocwen is addressing the issues that the monitor pointed out.
Read More »Fed Reform, Mortgage Access Bills Under Threat of Veto from the White House
Now the White House is threatening to veto that bill as well as another piece of legislation that would allow loans in portfolio to qualify for an exemption under the Consumer Financial Protection Bureau (CFPB)'s qualified mortgage (QM) rule. Both bills passed in the House on Wednesday.
Read More »What’s Wrong With Dodd-Frank? The GOP Says It Has the Answer
During the debate, Florida Senator and GOP presidential hopeful Marco Rubio called Dodd-Frank an “outrage” that codified too big to fail instead of ending it as it set out to do, or claims to have done. Former Florida Governor Jeb Bush, now competing for the GOP presidential nomination, criticized the “vast overreach” of Dodd-Frank during Tuesday’s debate.
Read More »CFPB Plays Defense Against PHH Corp.’s Appeal of $109 Million Penalty
The Consumer Financial Protection Bureau is defending itself against a $109 million penalty the Bureau handed down to PHH Corp. for allegedly accepting kickbacks from mortgage insurers.
Read More »OCC to Test Banks for TRID Compliance
The OCC provided guidance on what to expect in their forthcoming TRID compliance exams directed to “chief executive officers and compliance officers of national banks and federal savings associations, federal branches and agencies, department and division heads, all examining personnel, and other interested parties.”
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