More Articles

CFPB Proposes Rule to Improve Information About Access to Credit in the Mortgage Market

Bureau Aims to Simplify the Reporting Process for Financial Institutions WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) proposed a rule to improve information reported about the residential mortgage market. The rule would shed more light on consumers’ access to mortgage credit by updating…

Consumer Financial Protection Bureau Issues Guidance Regarding Brokers Shifting To “Mini-Correspondent” Model

Bureau Describes Evaluation of Mini-Correspondent Transactions WASHINGTON, D.C. — Today, the Consumer Financial Protection Bureau (CFPB) is issuing guidance regarding mortgage brokers transitioning to a “mini-correspondent” lender model. The CFPB is concerned that some mortgage brokers may be shifting to the mini-correspondent model under the…

It’s a Deep Subject

In recent weeks, I have been involved in several situations surrounding the treatment of private well water and private septic sewage systems within HUD-related appraisal reports. The confusion appears to be fairly widespread among appraisers, loan officers and underwriters, and let’s face it: the tightly…

Senate Confirms Julian Castro as secretary of HUD

Last week, the United States Senate voted to confirm Julián Castro as the new secretary of the U.S. Department of Housing and Urban Development. Castro has served three terms as the mayor of San Antonio, TX.  The shakeup in leadership was sparked by the resignation…

Confused and Misunderstood

As the Quality Control Manager for a national appraisal management company, I am directly involved with some appraisal matters in need of mediation and resolution.  In most cases, these matters involve either a Loan Officer who is questioning the results of an appraisal report, or…

CFPB TILA-RESPA Integrated Disclosure Final Rule

CFPB held a webinar this week on the Integrated Disclosure final rule of the Truth In Lending Act and Real Estate Settlement Procedures Act.  If you happen to be a fan of large numbers of acronyms and governmental codes being referenced like they were pop…