Author Archives: Joseph

Joseph is a graduate of Oregon State University. When he isn't at work, he stays busy with music and recreational sports.

Free 3-hour “Current Issues in WA Real Estate” course for Washington Real Estate License Renewal

(OnlineEd – Portland, OR) – Try us for absolutely free! No strings or gimmicks: Click here to sign up for a free 3-hour “Current Issues” course Washington real estate licensees are required to take 30 hours of continuing education for Washington real estate broker license renewal, including a 3 hour “Current Issues in Washington Real […]

Free 3-hour Law & Rule Required Course (LARRC) for Oregon Real Estate License Renewal

(OnlineEd – Portland, OR) – Try us for absolutely free! No strings or gimmicks: Click here to sign up for a free 3-hour LARRC course Oregon real estate licensees are required to take 30 hours of continuing education for Oregon real estate broker license renewal, including a 3 hour “Law and Rule Required Course” (LARRC). When it […]

CFPB Enforces Deceptive Mortgage Advertising Violation in $2M Consent Order

(Joseph Mikkelson, OnlineEd) – This week, the CFPB made good on the promise that they would be taking action against companies deceptively marketing products to veterans when it slapped NewDay Financial with a $2 million fine for RESPA violations and deceptive acts or practices within its mortgage advertising. The Maryland-based mortgage company allegedly deceived consumers […]

Categories: Mortgage

QM/ATR Cure Extension Helps Both Lenders and Borrowers

October 31, 2014 – Some good news for both lenders and borrowers: the compliance burden from the Qualified Mortgage (QM) and Ability-to-Repay (ATR) regulation just got a little bit lighter. Earlier this month, the CFPB responded to comments made during a public review period for its controversial QM and ATR regulation and granted more time […]

Categories: Real Estate

CFPB Goes Hunting for Zombie Foreclosures

(Joseph Mikkelson, OnlineEd) Zombies have been enjoying a renaissance as of late. Ever since George Romero’s 1968 film, “Night of the Living Dead,” zombies have maintained a steady presence in the media. However, one doesn’t have to look far to see that their popularity has risen to new heights in recent years. Zombies are represented […]

CFPB Faces Unfair Employment Accusations, Overhaul Bill

(Joseph Mikkelson, OnlineEd) – The CFPB is off to a rocky start in 2014. In an interesting turn of events, the CFPB will undergo a probe regarding how the entity treats its employees.  According to an American Banker report, there are striking racial disparities in how employees are ranked in performance reviews. According to the […]

7 Common “Qualified Mortgage” Myths

The CFPB’s Qualified Mortgage and Ability to Repay rules have been effective for just over a week, and there still seems to be confusion from both consumers and industry professionals.  While truthfully we will not know the full effects of these rules for some time, there has been a lot of speculation regarding how these […]

OnlineEd’s CFPB Preparedness Article Published in Scotsman Guide

December 5, 2013 – OnlineEd was recently published in the December Scotsman Guide’s Residential Edition. Click the link below to read or download the complete article. Our article outlines the need for mortgage businesses, both large and small, to prepare for CFPB examinations. We break down the CFPB examination guide’s criteria for education and training, […]

New Mortgage Disclosure Final Rule Released

November 22, 2013 – At a field hearing in Boston on Wednesday, November 20, 2013, Richard Cordray of the CFPB took the opportunity to unveil the new “Know Before You Owe” forms, which will replace their better known “good-faith estimate” predecessors.  The final rule issued on Wednesday will require lenders to replace the oft-confusing good […]