Reps. Steve Pearce (R-N.M.) and Brad Sherman (D-Calif.) on Friday introduced H.R. 2213, which would provide lenders with a temporary safe harbor from enforcement of the rule integrating required mortgage disclosures under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
The Consumer Financial Protection Bureau today issued a set of revised examination procedures to provide guidance on how it will conduct compliance exams for the TILA-RESPA integrated disclosures taking effect Aug. 1.
Following a weak end to 2014, Freddie Mac today posted improved net income of $524 million in the first quarter — although the figure is still down significantly from the $4 billion the company earned in the first quarter of 2014.
Credit standards continued to ease in most commercial and consumer loan categories, according to the Federal Reserve’s latest senior loan officer survey released today.
The banking agencies on Friday issued revised examination procedures and exam manual narratives for consumer compliance rules under the Truth in Lending Act and the Real Estate Settlement Procedures Act.
The Federal Housing Administration on Thursday said that its updated handbook consolidating its guidance for lenders into a single resource would take effect on Sept. 14 instead of June 15 as originally planned.
The FDIC will hold a teleconference for bankers on the Consumer Financial Protection Bureau’s mortgage rules on May 21.
The TILA/RESPA disclosure changes taking effect Aug. 1 could constitute the single greatest overhaul of the origination process in modern times.
The federal financial agencies, along with the regulator of Fannie Mae and Freddie Mac, today finalized minimum requirements for state supervision of appraisal management companies.
The Federal Reserve and Consumer Financial Protection Bureau will hold their fifth and final webinar in their series on the TILA-RESPA integrated disclosures on May 26 at 2 p.m. EDT.