April 2, 2014

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CFPB Issues Compliance Guide for Integrated Disclosure Rule

Earlier this week, the Consumer Financial Protection Bureau (CFPB) released a Small Entity Compliance Guide for the TILA-RESPA Integrated Disclosure Rule. The guide is primarily designed to help lenders determine federal mortgage disclosure compliance obligations for the mortgage loans they originate. But it will also be helpful to title agents and other settlement service providers, software vendors, secondary market participants and other firms that serve as business partners with creditors. You can review the guide here and read the full TLTA CFPB Update here.

Bill to Replace Fannie, Freddie with New Housing Loan Structure

Reuters | March 27, 2014
The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans. Representative Maxine Waters of California outlined a measure that challenges the more conservative approach of the panel's chairman. Texas Republican Jeb Hensarling's proposal would sharply reduce the government's role in housing finance.
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Part II: A Closer Look at the CFPB and Recent RESPA Enforcement Actions

By Ashley Cook | Ashley L. Cook, P.C.
In the first of a two-part series, TLTA member Ashley Cook gave a brief history and overview of the Consumer Financial Protection Bureau (CFPB) and its Director, Richard Cordray, and also looked at one of the Bureau's most recent RESPA Section 8 enforcement actions. In Part II, Cook provides an overview of two more recent CFPB enforcement actions. Read More »

Breaking Down the Three GSE Reform Measures

HousingWire | March 27, 2014
The Structured Finance Industry Group has put together a side-by-side comparison of three major GSE reform packages currently floating around Capitol Hill. SFIG, the trade industry group that supports the broader structured finance and securitization market, isn't endorsing any one of the plans, but hopes to work with legislators on whichever reform measure ends up coming to fruition.
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Register for These Upcoming Hot Topic Webinars!

Minimum Capitalization: What Agents Should Know
Wednesday, April 16 | 1:30 - 2:30 p.m.
Presented by:
John Rothermel, Stewart Title Guaranty SW Regional Underwriting Office
Live Version | On-Demand Version

Got Claims?
Thursday, April 17 | 1:30 - 2:30 p.m.
Presented by:
Bobbye Harris, Underwriting Counsel/VP, Fidelity National Title Group
Live Version | On-Demand Version

What Texas Title Agents Need to Know About the New CFPB Closing Disclosure Rule
Tuesday, April 22 | 2 - 3:30 p.m.
Presented by:
Celia C. Flowers, Attorney, Flowers Davis, PLLC and East Texas Title Companies
Janet S. Minke, CTIA, Vice-President, Underwriting Support Services, Alliant National Title Insurance Company
Leslie Wyatt, Director of Industry Relations, SoftPro
Live Version | On-Demand Version