Monday Morning Cup of Coffee: Bubble, bubble, toil and trouble

Monday Morning Cup of Coffee: Bubble, bubble, toil and trouble

Plus, is the market for mortgages beginning to thaw?

Mortgages not all bad news for Suntrust Banks’ earnings

Mortgage-servicing income buoys earnings

Where's Watt?

FHFA scorecard should be marked tardy
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