Did little-known Arizona law start the appraiser death clock?

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan

Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform
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Items Tagged with 'CFPB'

ARTICLES

CFPB releases 'Know Before You Owe' shopping toolkit

Designed to help buy a home
With the Consumer Financial Protection Bureau’s “Know Before You Owe” mortgage rule soon coming into implementation, the CFPB released a new toolkit to guide consumers through the process of shopping for a mortgage and buying a home.
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Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform
Trey Garrison
Before there was the Consumer Financial Protection Bureau, mortgage brokers were already getting their house in order, NAMB says. It’s time to stop talking like it’s 2007, they charge.
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Twitter roundup of this week's top housing articles

CFPB heads up the list
Brena Swanson
The list of the most-read HousingWire stories for this week is filled with some of the normal names in the mix, like the CFPB. However, another big name joined the list this week — Yahoo. This time we deliver the top-five list via Twitter. Happy Friday, everyone!
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CFPB: No concrete plans to extend TRID

Aug. 1 still the implementation date
Brena Swanson
Industry talk quickly spread after a speech on Wednesday by Steven Antonakes, deputy director of the Consumer Financial Protection Bureau, where he seemed to suggest that the CFPB might delay the Integrated Disclosure deadline. The CFPB is putting an end to the rumors.
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U.S. Senator: CFPB is rogue agency dishing out malicious financial policy

Sen. David Perdue wants CFPB under congressional oversight
Ben Lane
It’s clear that the Consumer Financial Protection Bureau and its behavior elicit strong opinions from Capitol Hill and beyond. And now, one U.S. Senator is calling the CFPB a “rogue agency” that needs to be seriously reined in.
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CFPB plows ahead with public consumer complaint database

Industry vows to halt publishing unverified, anonymous gripes
Trey Garrison
The CFPB says publishing consumer complaints is a win-win for the industry and consumers. People in the industry aren't so sure. In fact, a war is brewing, and it is starting to get ugly.
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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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CFPB Director Cordray talks HMDA exemptions and more

Here’s his prepared opening statement
Trey Garrison
Consumer Financial Protection Bureau Director Richard Cordray goes into the coliseum today at 2:30 p.m. ET but here’s a preview of his opening remarks.
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From HW Magazine

Single stack

Mortgage lending — finally — gets smarter with digital, automated and cloud-based technology
Kerry Curry
In the tech world a “stack” refers to all the elements of something. For the mortgage industry, the idea of the single stack is that one platform (digital, automated and based in the cloud) can either meet all of the functional requirements involved in assembling a mortgage, or can serve as an efficient moderator for the process via open APIs (application programming interface), which are now taking off within the mortgage industry.
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From HW Magazine

The CFPB needs a regulator of its own

Why is it OK for the bureau to violate the standards it imposes on others?
Sarah Wheeler
Nothing reeks of hypocrisy more than the regulator ignoring regulations, but the CFPB has racked up plenty of violations in the last year. And we’re not talking about small, nitpicky examples, but instances that have real-life consequences. If a lender or servicer were to violate any of these standards, they could expect swift and harsh punishment from the CFPB.
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