The Federal Financial Institutions Examination Council, an interagency coordinating body for federal banking industry regulators, has issued two statements in the past month cautioning banks and credit unions about cyber-security… Read More »
The CFPB has asserted broad RESPA enforcement authority in a recent decision significantly expanding the liability of PHH Corporation for accepting “kickbacks” from mortgage insurers. The CFPB upheld an Administrative… Read More »
When interest rates begin to rise, as they will eventually, U.S. households are generally well-positioned to absorb the financial jolt. A study by Interest Rate Weekly concludes that the rate… Read More »
Continuing their efforts to reform the title insurance industry New York state regulators recently cut title insurance premium rates on refinance transactions. “We are pleased the title insurance industry is… Read More »
The Consumer Financial Protection Bureau (CFPB) has no plans to delay enforcement of the new mortgage disclosure rules taking effect August 1. Seventeen industry trade associations, representing real estate and… Read More »
The RESPA winds are blowing again and they seem to be nearing gale force. The Consumer Financial Protection Bureau (CFPB), which has replaced the Department of Housing and Urban Development… Read More »