Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”
W S

Items Tagged with 'Dodd–Frank Wall Street Reform and Consumer Protection Act'

ARTICLES

Mr. Frank goes back to Washington

Former Congressman to testify before Congress on Dodd-Frank impact
Ben Lane
"The kind of terrible mortgage loans…the abuse of mortgage loans that hurt consumers, hurt financial institutions, and hurt the economy…we outlawed them and they haven’t been made since then," former Congressman Barney Frank said in a CNBC interview. "There have been some very real accomplishments."
Read More

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
Ben Lane
"As a Davis Polk & Wardwell LLP progress report on the legislation indicates, the deadlines for 280 rulemaking requirements have passed, as of July 18," analysts from SNL Financial write in a new report. “Of those, 127 deadlines were missed. Of the 398 total required rulemakings contained in the bill, 96 have yet to be proposed."
Read More

CFPB issues TILA-RESPA compliance guide

Governs new mortgage disclosure forms
Ben Lane
The Small Entity Compliance Guide will serve to help smaller lenders and other mortgage companies understand and comply with the new mortgage disclosure rules, designed to make it easier for consumers to understand the loan documentation.
Read More

Hensarling blames Dodd-Frank for mortgage market volatility

Housing finance reform is a necessity for a sustainable market
Christina Mlynski
The passing and implementation of Dodd-Frank gave the government more ineffectual power to micromanage the mortgage sector and ultimately reverse any progress made within the market itself, House Financial Services Chairman Jeb Hensarling, R-TX, said Tuesday.
Read More

CFPB discovers lingering servicing compliance issues

Many nonbanks lack robust compliance systems
Megan Hopkins
Nonbank servicers are having the most trouble meeting the CFPB's compliance expectations for mortgage servicing. Many of the firms continue to operate without the appropriate compliance management systems in place, the regulator claims.
Read More

CFPB director to credit unions: Don't be afraid to lend

Brena Swanson
The Consumer Financial Protection Bureau’s main goal is to protect consumers, but before its creation, credit unions were already striving to maintain safe lending practices to...
Read More

Dodd-Frank complete by end of the year, financial regulators say

Megan Hopkins
It’s been nearly three years since the implementation of the Dodd-Frank Act, so it seems like as good a time as any to reflect on what...
Read More

CFPB provides latest clarification to finalized mortgage rules

Christina Mlynski
The Consumer Financial Protection Bureau finalized clarifications to mortgage rules Wednesday, improving consumer protections in qualified mortgages and mortgage servicing.The corrections, clarifications and amendments were first...
Read More

Woodstock Institute defends CFPB data depot

Brena Swanson
Woodstock Institute, a nonprofit dedicated to fair lending and financial systems reform, took a stand in defense of the Consumer Financial Protection Bureau’s use of consumer...
Read More

Fed attempts to free higher-priced loans from appraisal binds

Megan Hopkins
A proposed rule was issued by six federal financial regulatory agencies that would create exemptions from specific appraisal requirements for a subset of higher-priced mortgages. The proposed...
Read More