We are pleased to announce that Terry Franzén received the ABA Business Law Section’s Chairman’s Award at the BLS Annual Meeting. Congratulations, Terry!
We are pleased to announce that Terry Franzén received the ABA Business Law Section’s Chairman’s Award at the BLS Annual Meeting. Congratulations, Terry!
CFPB Updates HOEPA Points and Fees and ATR-QM Thresholds The CFPB issued a final rule amending the high-cost mortgage thresholds and the qualified mortgage thresholds in Regulation Z. The amendments are effective January 1, 2016. Under Regulation Z, certain loans…
Multi-state Mortgage Committee Issues Guidance On Expectations Regarding Use of Electronic Examinations Tools The Multi-state Mortgage Committee (“MMC”) issued an Industry Bulletin relating to the use of electronic examinations tools. The MMC is a committee of state mortgage regulators appointed…
California DBO Provides Translated Loan Estimates The California Department of Business Oversight prepared translated versions of the Loan Estimate required by the TILA/RESPA Integrated Disclosure Rule (“TRID”). California requires a lender who negotiates in Spanish, Chinese, Tagalog, Vietnamese, or Korean…
Terry Franzén, Loretta Salzano and Jenny Dozier will be speaking on a variety of hot topics at key conferences throughout the country. Conference attendance is a great way to stay informed on the latest happenings in the industry – and…
The firm gathered together to celebrate Adrian White’s 50th birthday. Congratulations, Adrian!
CFPB Finalizes Extension of TRID Effective Date to October 3rd The Consumer Financial Protection Bureau issued a Final Rule delaying the effective date of the TILA-RESPA Integrated Disclosures Rule until October 3rd, 2015. The Final Rule also makes two technical…
CFPB Issues Interpretive Rule on Homeownership Counseling Organizations Lists and High-Cost Mortgage Counseling The Consumer Financial Protection Bureau (“CFPB”) issued an interpretive rule addressing the requirements under the Real Estate Settlement Procedures Act (“RESPA”) and the Truth In Lending Act…
Arizona Department of Financial Institutions Regulation The Arizona Department of Financial Institutions adopted the Nationwide Mortgage Licensing System & Registry’s Uniform State Test for licensing of mortgage loan originators effective July 15, 2015. California AB 661 The Governor of California…
Terry Franzén will be speaking at the following events: October 8-9, ABA Consumer Financial Services Institute, Arlington, VA. Registration is available at: http://shop.americanbar.org/ebus/ABAEventsCalendar/EventDetails.aspx?productId=185859342 October 29-30, ACI’s National Forum on Consumer Lending and Regulatory Compliance in New York. Registration is available…