Topic: Mortgage

Mortgage Servicers Take Heed: The CFPB Has New Rules for How You Do Business

[Video: A New World for Mortgage Banking – What You Need to Know About the CFPB’s Final Mortgage Servicing Rules – Pepper Hamilton LLP] The Consumer Financial Protection Bureau recently issued two rules that are going to change the way mortgage service companies do business: the 2013 RESPA Servicing Final Rule, an amendment to Regulation X… Read more »

Financial Regulatory Agencies Issue Rule on Appraising “High-Risk” Mortgages

In mid-January, federal regulators published a final rule implementing new appraisal requirements for higher-priced mortgage loans. The new regulation, – authored by the Federal Reserve, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the National Credit Union Administration, and the Office of the Comptroller of the Currency –… Read more »