by Jeff Sorg | Feb 12, 2014 | Mortgage, Oregon Real Estate, Real Estate
(Jeff Sorg, OnlineEd – Portland, OR) Oregon has amended the provisions of its Foreclosure Avoidance Notice by providing for the form and content of the notice when a lender determines that a homeowner is not eligible for foreclosure avoidance measures or has not...
by Joseph | Jan 20, 2014 | Mortgage
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...
by Joseph | Oct 30, 2013 | Mortgage
(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...
by Jeff Sorg | Aug 16, 2013 | Mortgage, Real Estate
(CFPB – WASHINGTON, D.C.) On August 15, 2013 the Consumer Financial Protection Bureau (CFPB) released a second update to its exam procedures in connection with the new mortgage regulations issued in January 2013. The interim exam procedures offer valuable...
by Jeff Sorg | Jul 11, 2013 | Mortgage, Real Estate
Rule Will Improve Consumer Protections in Qualified Mortgages and Mortgage Servicing (CFPB, WASHINGTON, D.C.) — Today, the Consumer Financial Protection Bureau (CFPB) finalized corrections, clarifications, and amendments to its Ability-to-Repay and mortgage servicing...