The Consumer Financial Protection Bureau yesterday issued a correction of a typo in the TILA-RESPA integrated disclosures.
Browsing: TILA-RESPA integrated disclosures
The Consumer Financial Protection Bureau today released a fact sheet that covers the basics of using the TILA-RESPA integrated disclosures for construction loans.
Community banks continue to experience increases in compliance burdens associated with Dodd-Frank Act rules, the Government Accountability Office said yesterday in its annual report on Dodd-Frank regulations.
The FDIC today updated its Compliance Examination Manual with new guidance and examples for examiners conducting compliance and Community Reinvestment Act examinations.
As part of its Residential Mortgage Lender Certificate, ABA today launched two new online courses on preparing the required TILA-RESPA integrated disclosures. The new courses — Preparing the Loan Estimate and Preparing the Closing Disclosure — are part of the 18-course sequence toward the certificate.
Applications for new mortgages plummeted 27.6 percent in the week of October 3-9, immediately after the new TILA-RESPA integrated disclosures took effect, according to weekly figures released by the Mortgage Bankers Association today.
By a bipartisan 303-121 vote, the House last night passed H.R. 3192, which would provide a safe harbor from enforcement actions and private civil actions for lenders making good-faith efforts to implement the new TILA-RESPA integrated disclosures. The safe harbor would extend to Feb. 1.
Fannie Mae and Freddie Mac yesterday issued letters to the mortgage lenders they work with explaining their posture toward compliance with the TILA-RESPA integrated disclosures, which went into effect for new mortgage applications on Saturday.
The full House is expected to vote this week on two bipartisan bills that are part of ABA’s Agenda for America’s Hometown Banks. H.R. 1553, introduced by Reps. Scott Tipton (R-Colo.), Lacy Clay (D-Mo.) and Andy Barr (R-Ky.), would raise the asset threshold for qualifying for the 18-month exam cycle from $500 million to $1 billion.
Responding to multiple letters and aggressive advocacy by ABA, top regulators yesterday clarified their approach to assessing compliance with the TILA-RESPA integrated disclosures.