Tag Archives: CFPB

What does the TILA-RESPA Integrated Disclosure rule mean for real estate agents?

The new TILA-RESPA Integrated Disclosure Rule and the August 1st implementation deadline is right around the corner. Watch this short video to learn more about how this rule, specifically how the HUD-1 and Truth-in-Lending Disclosure for most closed-end residential loans will be going away, and what this means to you and your customers. https://www.youtube.com/watch?v=kuxtCQMsBVY

Stewart’s Dawn Lewallen speaks on a panel discussion at the Oklahoma Mortgage Bankers Association Annual Conference

Stewart’s Compliance Counsel Dawn Lewallen spoke on a panel discussion entitled “Bringing the new Closing Disclosure to the closing table” at the Oklahoma Mortgage Bankers Association Annual Conference in Tulsa, Oklahoma. The panel of experts discussed the new Consumer Financial Protection Bureau (CFPB) TILA-RESPA Integrated Disclosure (TRID) regulations that will impact quoting title insurance and …Read more

CFPB Fact

The integrated mortgage disclosure rule from the CFPB affects much more than loan forms and consumer qualifications. Every third-party service provider a lender deals with must be able to comply with regulations – and if they can’t, the lender is held responsible for mistakes. To reduce that risk before the CFPB rule goes into effect …Read more

CFPB Fact

The Consumer Financial Protection Bureau (CFPB) was created to watch over the interests of American consumers in financial products and services of all kinds. On August 1, 2015, the bureau’s rule governing integrated disclosure forms for mortgage lending will go into effect – bringing a significant change to industry practices and standards. Are you prepared? …Read more

CFPB for Consumers

The Consumer Financial Protection Bureau (CFPB) has a stated mission to “make markets for consumer financial products and services work for Americans.” On the mortgage side, this includes helping consumers better understand their options as they search for real estate loans. With this mission in mind, it’s important for lenders and real estate professionals to …Read more

CFPB Update

With the Consumer Financial Protection Bureau (CFPB) putting its final touches on new regulations  in the coming months, and the American Land Title Association (ALTA) releasing its Title Insurance & Settlement Company Best Practices, real estate industry thoughts are turning to compliance even more than before. Service providers have a responsibility to understand and comply …Read more

A Breakdown of the New CFPB Rules

The new regulations from the Consumer Financial Protection Bureau (CFPB) are geared toward providing the customer with a more transparent transaction. To help achieve this transparency, the agency has proposed seven changes to the real estate process. The changes touch almost every aspect of the real estate transaction, including the process, the length of time …Read more

A CFPB Overview

Many things changed in the U.S. economy after the market crash a few years ago. One was the establishment of the Consumer Financial Protection Bureau (CFPB). Created as part of the Dodd-Frank Wall Street Reform & Consumer Protection Act, the new government agency’s stated goal is to focus on fairness and transparency in many types …Read more