Tag: CFPB

CFPB Finalizes ‘Know Before You Owe’ Rule

Filed in Codes and Regulations, Housing Finance by on April 27, 2018 0 Comments
CFPB Finalizes ‘Know Before You Owe’ Rule

The Consumer Financial Protection Bureau (CFPB) has announced that it has finalized an amendment to its “Know Before You Owe” mortgage disclosure rule that addresses when mortgage lenders with a valid justification may pass on increased closing costs to consumers.

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CFPB Publishes Final ‘Know Before You Owe’ Rule

Filed in Codes and Regulations, Housing Finance by on July 10, 2017 0 Comments
CFPB Publishes Final ‘Know Before You Owe’ Rule

The Consumer Financial Protection Bureau on July 7 published final updates to its “Know Before You Owe” mortgage rule, offering amendments on finance charge disclosures, disclosures tied to housing assistance that a borrower receives, and when information can be shared with third-parties, including real estate agents.

Of particular interest to NAHB, the final rule clarifies disclosures for construction and construction-to-permanent loans addressing many of the concerns lenders have expressed in making these loans.

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Court Wants Changes for CFPB

Filed in Codes and Regulations, Housing Finance, Legal by on October 12, 2016 0 Comments
Court Wants Changes for CFPB

The U.S. Court of Appeals for the District of Columbia on Oct. 11 decided an important case reining in the authority of the Consumer Financial Protection Bureau.

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NAHB Senior Officers Discuss Arbitration Agreements with CFPB Director

NAHB Senior Officers Discuss Arbitration Agreements with CFPB Director

NAHB Senior Officers met with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray on Aug. 23 to air concerns over a proposed rule by the agency regarding arbitration agreements.

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CFPB Proposes Updates to ‘Know Before You Owe’ Rule

Filed in Housing Finance by on August 1, 2016 1 Comment
CFPB Proposes Updates to ‘Know Before You Owe’ Rule

The Consumer Financial Protection Bureau (CFPB) on July 29 released proposed updates to its “Know Before You Owe” mortgage disclosure rule, also known as the TILA/RESPA Integrated Disclosure rule or TRID.

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Appeals Court Discusses Constitutionality of CFPB in PHH Kickback Case

Filed in Home Building, Housing Finance, Legal by on April 14, 2016 0 Comments
Appeals Court Discusses Constitutionality of CFPB in PHH Kickback Case

The U.S. Court of Appeals for the District Columbia Circuit heard oral arguments on April 12 in PHH v the Consumer Financial Protection Bureau, a case regarding marketing service agreements.

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CFPB To Hold March 1 Webinar on ‘Know Before You Owe’ Rules

Filed in Housing Finance by on February 15, 2016 0 Comments
CFPB To Hold March 1 Webinar on ‘Know Before You Owe’ Rules

The Consumer Financial Protection Bureau (CFPB) has announced it will be holding a webinar on Tuesday, March 1 from 2-3 p.m. ET to “address specific questions relating to the Know Before You Owe mortgage disclosure rule and construction lending.”

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CFPB Provides Guidance on Proper Disclosure of Construction Loans

Filed in Codes and Regulations, Housing Finance by on January 12, 2016 0 Comments
CFPB Provides Guidance on Proper Disclosure of Construction Loans

The Consumer Financial Protection Bureau has released new guidance and resources to help lenders to properly disclose construction loans under the new mortgage lending rules enacted in October.

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Reports of Home Mortgage Delays – And What You Can Do to Prevent It

Filed in Codes and Regulations, Housing Finance by on December 28, 2015 0 Comments
Reports of Home Mortgage Delays – And What You Can Do to Prevent It

Recent media reports have cited mortgage delays resulting from new federal home disclosure rules that went into effect on Oct. 3. Learn what steps you can take to keep this from happening to you.

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CFPB Announces Crackdown on Marketing Service Agreements

Filed in Codes and Regulations by on October 12, 2015 0 Comments
CFPB Announces Crackdown on Marketing Service Agreements

The Consumer Financial Protection Bureau (CFPB) on Oct. 8 issued a bulletin providing the mortgage industry guidance regarding marketing service agreements.

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