Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
W S
Lending / The Ticker

CFPB clarifies final escrow rule

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

The Consumer Financial Protection Bureau issued a final rule clarifying and making technical amendments to the final escrow rule.

According to the CFPB, the newly amended rules explain how to determine whether or not a county is considered "rural" or "undeserved. The two words were based off of definitions from the United States Department of Agriculture and the Home Mortgage Disclosure Act.

In addition, since the existing protections in place for higher-priced mortgage loans cut off too early, the CFPB established a temporary provision to expand provisions until January 2014.

Click here to view the entire rule.


Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus