Written by Steve Van Beek
We've been blogging on the CFPB's mortgage servicing proposals quite a bit recently. And, naturally, quite a few of those blog posts have been lengthy. I wanted to take a bit to consolidate some of those blog posts in a central location (with links) to help keep everyone organized.
CFPB Issues Mortgage Servicing Proposal. This blog post announces the CFPB's mortgage servicing proposals, links to the actual proposals, summaries and additional resources.
Summaries of Three TILA Proposed Changes. This blog post includes the summaries of the CFPB's three main proposed changes to Regulation Z (TILA). The post includes links to the preambles, regulatory text, official staff commentary and any model forms.
Summaries of the First Three RESPA Proposed Changes. This blog post includes the summaries of the CFPB's first three main proposed changes to Regulation X (RESPA). The post also includes links to the preambles, regulatory text, official staff commentary and any model forms.
Summaries of the Last Three RESPA Proposed Changes. This blog post includes the summaries of the CFPB's last three main proposed changes to Regulation X (RESPA). The post also includes links to the preambles, regulatory text, official staff commentary and any model forms.
Proposed Exemption for Credit Unions that Service 1000 of Fewer Mortgages. This blog post reviews the CFPB's proposal to exempt - from the mortgage periodic statement requirement - credit unions that service 1000 or fewer mortgage loans.
Proposed Coupon Book Exemption. This blog post reviews the CFPB's proposed implementation of the "coupon book exemption" which would allow credit unions to send coupon books in lieu of periodic statements for their fixed-rate mortgage loans if they followed the proposed requirements.
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Just the Beginning. Don't worry - there will be plenty of additional issues that come out of the CFPB's proposed mortgage rules. We'll do our best to keep everyone up to date on these issues. If you are interested, we'll be covering the CFPB's proposed mortgage rules in depth during our September 5th webcast as well as our Regulatory Compliance Seminar in Seattle, Washington (October 23-26).
Note: The early-bird pricing for both of these events is rapidly approaching (Wednesday, August 29th for the webcast and Friday, August 31st for Seminar). Additionally, the main hotel for Seminar is completely booked - although there are numerous other hotels within short walking distance.
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