Yesterday, the CFPB issued a statement regarding enforcement of the new TRID rule. The statement is in response to a Congressional request for a grace period through the end of 2015. In its letter, the CFPB stated that it has…
Blog Archives
Spring 2015 Hot Topics
Preparation for the upcoming integrated disclosures is underway. Will you be ready for the August 1st effective date? Start preparing now! Contact us at 770-248-2885 for help with your implementation.
Posted in Hot Topics, Newsletters
New CFPB Consent Order with NewDay Financial
They’re at it again! This week the CFPB announced a Consent Order with NewDay Financial for alleged RESPA violations and deceptive practices due to NewDay’s marketing and lead buying activities. The CFPB found that NewDay entered into a marketing arrangement…
Winter 2015 Hot Topics
The National Association of Realtors® recently published the following guidance regarding Marketing Services Agreements: RESPA DO’S FOR MSAs Real estate brokers and agents must comply with the Real Estate Settlement Procedures Act, or RESPA, which prohibits brokers and agents from…
Posted in Hot Topics, Newsletters
CFPB Issues Long-Awaited Integrated Disclosures Rule
On November 20th, the Consumer Financial Protection Bureau (CFPB) issued a final rule regarding the integrated RESPA and TILA disclosures. The final rule is effective for applications received by a mortgage broker or lender on or after August 1, 2015…
Posted in Announcements, Hot Topics
Spring 2013 Hot Topics
Rod Carnes, Deputy Commissioner for Non-Depository Institutions for the GA Department of Banking and Finance, addressed the attendees at the GA Real Estate Fraud Prevention and Awareness Coalition’s (GREFPAC) Annual Conference on March 6. Mr. Carnes reported that the Department…
Posted in Hot Topics, Newsletters
Winter 2013 Hot Topics
Do you have an AML policy? Do you know what that is? In a recent examination, the Georgia Department of Banking and Finance cited a company for not having a complete policy. If you need a policy, want to be…
Posted in Hot Topics, Newsletters