Archives For: 2013 mortgage rules

MBA Summary of CFPB Modifications to Servicing Provisions of Regulation X

On September 13, the Consumer Financial Protection Bureau (CFPB) issued a final rule amending and clarifying the Servicing, Ability to Repay/Qualified Mortgage, Loan Originator Compensation and Appraisal rules. In many areas, the CFPB responded to the Mortgage Bankers Association (MBA) comments seeking revisions that would facilitate compliance by the industry.

23 Sep 2013