Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Items Tagged with 'Congress'

ARTICLES

The history of g-fees

FHFA gives update to Congress
Brena Swanson
The average level of guarantee fees charged has increased since 2009. However, as the study shows, the changes will result in little or no change to borrowers. This chart gives a comprehensive history of g-fees since 2008.
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Industry welcomes TRID grace period but Congress says it’s not enough

Some members want a definitive period, more assurances
Trey Garrison
The TRID grace period is being hailed by the industry but some in Congress think the CFPB’s actions don’t go far enough. Find out what they're saying and doing.
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Bipartisan coalition in Congress wants grace period for TRID enforcement

CFPB should allow good faith period to work out bugs
Trey Garrison
Democrats and Republicans in Congress came together to encourage the Consumer Financial Protection Bureau to enact a grace period for enforcement of the TILA-RESPA Integrated Disclosure rule, for which much of the industry is not prepared. Will they get it?
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Credit unions applaud bipartisan reform bill on FHLB membership

Would create parity between banks and credit unions, restrict FHFA limits
Trey Garrison
The National Association of Federal Credit Unions is lauding a bipartisan bill that would grant credit unions parity with banks under Federal Home Loan Bank membership criteria. Here’s what’s cooking.
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Senator Perdue: Rogue CFPB creates new rules and regulations at whim

Introduces bill to rein in “malicious financial policy”
Trey Garrison
A U.S. Senator introduced a bill Tuesday that would greatly rein in the power and budget of the CFPB, an agency he says is more interested in protecting itself than protecting consumers. It pairs with a House bill that would bring the same accountability. Here's what's happening in Congress right now.
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Mortgage industry: Give us a “good-faith” grace period on TRID

Heavy burden of untested TILA-RESPA process worries bankers, housing experts
Trey Garrison
Key figures in the housing industry testified before the House Subcommittee on Housing and Insurance Thursday, urging members to support a good-faith grace period for compliance with the massive TILA-RESPA Integrated Disclosure requirements. Will they get it and will it be enough?
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CFPB Director Cordray corrects “serious misunderstanding” about TRID

Plus, 3 circumstances that would allow for closing delays
Brena Swanson
The Aug. 1, 2015 implementation date for the TILA-RESPA Integrated Disclosure still stands, as of now. In a speech Tuesday, the director of the CFPB cleared some of the air on TRID misunderstandings, but looking at the fine print, talk of delaying TRID is not off the table. Still, some in Congress disagree, and are trying to do something about it.
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Houses passes Mortgage Choice Act of 2015 by 286-140

Bipartisan bill would reform mortgage regulations
Trey Garrison
A bill to reform mortgage industry regulations was approved by the House of Representatives late Tuesday afternoon by a substantial bipartisan majority. Here's what happened, and what happens next.
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Huge Mortgage Choice Act critic was supporter in August

Maxine Waters stands against bill she urged Senate to pass in 2014 letter
Trey Garrison
The ranking Democrat on the House Financial Services Committee took to the House floor to strongly oppose a measure the mortgage industry says is critical. But the thing is, just nine months ago, she just as strongly wanted it passed. Read on.
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House Committee grills Cordray on QM, mortgage regulations

Republicans still want more accountability, Democrats push back
Trey Garrison
CFPB Director Richard Cordray made his semi-annual appearance before Congress, and it was everything you think it would be. Here's the story.
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