Tag Archives: effective date

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 […]

CFPB to Drop Enforcement Attorneys in Mortgage Lender Examinations

(OnlineEd – Portland, OR) Good news from the CFPB – they’re still not quite speaking softly, but starting in November at least, they’re leaving the big stick at home. The Consumer Financial Protection Bureau confirmed earlier this month that enforcement attorneys would no longer be accompanying examiners in on-site exams of mortgage lenders. The CFPB […]

8 New Mortgage Regulation Deadlines Coming Out of the CFPB

(OnlineEd – Portland, OR) – The Consumer Financial Protection Bureau (“CFPB”) gave 12 months (and sometimes less) from the “issue date” to implement the majority of these new requirements.  Because the CFPB considers the “issue date” as the date of publication on the CFPB’s website – rather than publication in the Federal Register,  your company will have less […]