Browsing: Mortgage

Mortgage

As the Consumer Financial Protection Bureau prepares to conduct its five-year assessment of the 2013 TILA-RESPA Integrated Disclosure Rule, ABA joined several other financial trade groups in an extensive comment letter detailing how the rule has imposed significant and unnecessary costs and liabilities on lenders.

Economy

Individuals who have applied for credit reported higher approval rates in 2019 than in 2018, according to the Federal Reserve Bank of New York’s latest Credit Access Survey released today.

Mortgage

To help lenders comply with the Taxpayer First Act—a new law taking effect Dec. 28 that requires that taxpayers provide express consent for how their tax information will be used and additional consent for it to be shared with other parties—MISMO, the mortgage industry’s standards setting organization, has released new taxpayer consent language that can be used as part of the mortgage transaction.

Economy

Outstanding household debt increased by 0.7% in the third quarter of 2019, rising by $92 billion to land at $13.95 trillion, the Federal Reserve Bank of New York reported today.

Newsbytes

Bankers left commercial and industrial lending standards mostly unchanged amid weakening demand in the third quarter of 2019, according to the Federal Reserve’s latest senior loan officer survey released today.

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