Items Tagged with 'Regulation Z'


  • From HW Magazine

    Mortgage servicers still face headwinds under CFPB amended rules

    Billing statements and servicing transfers represent continued risk
    We’ve found that the handling and posting of payments during bankruptcy has been a widespread issue in our testing environment. Specifically, there is increased risk exposure in pre-and post-petition payment application and treatment, both inside and outside of the bankruptcy plan. Servicers and sub-servicers have created manual workflow workarounds to address the issue, however, it does open the servicer up to more exposure to calculation errors.
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  • CFPB announces annual dollar thresholds under TILA regulations

    Changes take effect Jan. 1
    The Consumer Financial Protection Bureau announced on Wednesday its annual adjustments to the dollar amounts of various thresholds under the Truth in Lending Act regulations. While the changes go beyond just mortgage finance, they are a part of the annual changes. The changes go into effect on Jan. 1, 2018.
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  • CFPB releases updated rules Readiness Guide

    New guide includes TILA-RESPA Integrated Disclosure rule
    "Obviously there is a lot of fear, uncertainty and doubt in the industry with the TILA-RESPA ruling beginning to dominate conversations, and there is no doubt Aug. 1, 2015 is going to happen," McElroy said.
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  • In California, a reversal of foreclosure fortunes

    Lenders adapt to the homeowner bill of rights
    According to a recently published data, in the first quarter of 2014, banks filed 2,348 court notices in non-judicial states -- a drastic jump compared to just seven notices in the first quarter one year prior. California's Homeowner Bill of Rights is driving a change in the foreclosure process, and it looks like it's just getting started.
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