July 22, 2015
CFPB Finalizes Two-month Extension for Integrated Disclosures Mortgage Rule
CFPB | July 21, 2015
The CFPB has issued a final rule moving the effective date of the TILA-RESPA Integrated Disclosure rule to October 3, 2015. The final rule issued also includes technical corrections to two provisions of the rule.
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Bank of America Addresses TRID Questions
ALTA | July 9, 2015
In its July newsletter to settlement agents, Bank of America answered additional questions it has received regarding the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures (TRID) rule. Bank of America is working toward CFPB’s proposed effective date of Oct 3, 2015.
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Senate Banking Puts CFPB and Cordray in the Crosshairs
HousingWire | July 14, 2015
The director of the Consumer Financial Protection Bureau appeared before the Senate Banking Committee on Wednesday for his twice-a-year legislative grilling, where lawmakers raised ongoing concerns about the bureau's massive data collection, its management, its lack of oversight, its overspending and the TILA-RESPA Integrated Disclosures.
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CFPB 'Snapshot' Draws More Attention to Complaint Database
HousingWire | July 16, 2015
The Consumer Financial Protection Bureau (CFPB) on Thursday published the first in a new series of monthly reports that highlight key trends found in the complaints the consumers submit to the Bureau.
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Update on MSAs; TRID for Realtors, Avalanche of Freddie & Fannie Updates
Mortgage News Daily | July 14, 2015
Whether or not Marketing Service Agreements (not Metropolitan Statistical Areas) are "legal" or not continues to be an issue. The CFPB decided that RESPA Section 8 violations could be found even when fair market value was paid for services rendered if the relationship was in part predicated on referrals. Put another way, paying fair market value is not necessarily enough to protect you from a RESPA violation.
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Are Your Advertising Agreements Setting Off Red Flags at the CFPB?
Inman News | July 16,2015
One of the main areas the Consumer Financial Protection Bureau (CFPB) has focused on enforcing in real estate has been RESPA Section 8 -- otherwise known as the "kickbacks and illegal fees" section. Read on for three red flags that may draw attention from regulators.
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ALTA to Host TRID Townhall on Facebook
ALTA will host a TRID Townhall on its Facebook page beginning at 11 a.m. ET on Tuesday, July 28, to share what industry participants should be doing now to prepare for the implementation of the TILA-RESPA Integrated Disclosures rule. Participating in the live event will be: Diane Evans NTP, ALTA president; vice president, Land Title Guarantee Co. Dan Mennenoh, ALTA Board member; president, H.B. Wilkinson Title Co. Bill Burding, ALTA Board member; EVP/general counsel, Orange Coast Title Co.
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Need Help with TDI’S Agent Experience Report? Don’t Miss TLTA'S Webinar on Filling it Out!
Wednesday, July 29, 2015 | 10:00-11:30 a.m.
Join our experts as they walk you through the Texas Title Insurance Agent Experience Report while providing a clear, basic overview of the information you need during TLTA’s On-Time & Error-Free TDI Experience Reporting Webinar, 10-11:30 a.m. on Wednesday July 29. Click here for more information.
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