by steve@ultradata.net | Jun 13, 2016 | CFPB, Consumer News, Industry News
If House Financial Services Committee Chairman Rep. Jeb Hensarling, gets his way, Tuesday, June 7, 2016 will soon be remembered as the day that the death clock started on the Dodd-Frank Wall Street Reform and Consumer Protection Act. Here’s an in-depth look at...
by steve@ultradata.net | Aug 24, 2015 | CFPB, Consumer News, Industry News, News
Attention Real Estate Agents! – In case you don’t already know the new upcoming regulations take effect October 3, 2015. THESE NEW REGULATIONS WILL CHANGE THE ENTIRE BUYING PROCESS! New regulations and timelines will require that realtors understand the...
by steve@ultradata.net | Jul 31, 2015 | CFPB, Consumer News, Industry News, News
The Consumer Financial Protection Bureau wants to mortgage lenders to stop using marketing services agreements, and it’s using the stick rather than the rules process to do so. Two major players in the mortgage space announced this morning that they are discontinuing...
by steve@ultradata.net | Jun 17, 2015 | CFPB, Industry News, News
In a statement today, the Consumer Financial Protection Bureau (CFPB) announced a proposal to delay implementation of the TILA-RESPA Integrated Disclosures (TRID) rule until October 1. Under the Congressional Review Act, the CFPB failed to timely notify Congress....
by steve@ultradata.net | May 21, 2015 | CFPB, Consumer News, Industry News
From ALTA’s website: ALTA has developed standardized ALTA Settlement Statements for title insurance and settlement companies to use to itemize all the fees and charges that both the homebuyer and seller must pay during the settlement process of a housing...
by steve@ultradata.net | May 14, 2015 | CFPB, Consumer News, Industry News, News
A new closing statement form called the Closing Disclosure or CD will be used for most loan applications taken for new mortgages after August 1, 2015! The lender, not the closing agent, may be preparing and delivering the CD. The CD must be delivered to the...
