loanDepot officially files for IPO

loanDepot officially files for IPO

Number of shares, price range to be determined

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House
Lending / The Ticker

CFPB clarifies servicing, mortgage originator rules

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