Tag Archives: Mortgage Servicing Rules

What updates did the Bureau announce to its mortgage servicing rules and TRID as part of the semiannual Spring 2016 Rulemaking Agenda?

In an address at the National Credit Union Association on Tuesday, CFPB Director Richard Cordray answered criticisms surrounding the Bureau's regulatory changes in the mortgage industry.

The controversial Dodd-Frank Wall Street Reform and Consumer Protection Act just passed its five-year anniversary on July 21, and lawmakers and other stakeholders have never been more divided as to its effectiveness (or lack thereof) as they have been recently, according to CoreLogic's August 2015 MarketPulse released this week.

Big data may seem like buzzword du jour, but with the proper application, there is big potential in big data to transform the default servicing industry.

Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Luke Sosnicki from Dykema's Los Angeles office, discussing RESPA’s new loss mitigation rules implemented by the Consumer Financial Protection Bureau in January 2014 and resulting litigation around those rules.

The commenting period for the proposed amendments to the Consumer Financial Protection Bureau (CFPB)'s TILA/RESPA rules is open until March 16, according to the Federal Register website.

Examiners from the Consumer Financial Protection Bureau (CFPB) found that some mortgage servicers violated federal laws while supervising for compliance, CFPB announced recently.

For the first time since the new mortgage servicing rules went into effect in January 2014, the Consumer Financial Protection Bureau (CFPB) enforced the rules, handing down a $37.5 million fine on Monday to Michigan-based bank Flagstar for illegally blocking foreclosure prevention.