Jeb Bush: Current housing and debt situation unsustainable

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance
W S
Lending / The Ticker

CFPB clarifies servicing, mortgage originator rules

/ Print / Reprints /
| Share More
/ Text Size+

In effort to ease the transition into the new compliance and regulation rules by the Consumer Financial Protection Bureau, the bureau keeps releasing guides to provide an overview of the rules in a plain language.

Most recently, the CFPB released a summary outline of the final rule on mortgage originator qualifications and compensation practices. In addition, the CFPB released a summary of the final mortgage servicing rules. 

The servicing summary covers nine major topics, including periodic billing statements, force-placed insurance and early intervention with delinquent borrowers. 

Meanwhile, the mortgage loan originator guide focuses on the critical role that loan officers and mortgage brokers play in the loan origination process, the CFPB said. 

The Bureau said it plans to update the guides periodically as rule clarifications are finalized.

Recent Articles by HousingWire Staff

Comments powered by Disqus