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Posts about: Compliance


CFPB report finds several mortgage-related violations in 2020

Mortgage servicers committed several Regulation X violations in 2020, according to a recent report by the Consumer Financial Protection Bureau (CFPB).
Author: Pauline Vu

FHFA director replaced following Supreme Court decision

On June 23, 2021, the U.S. Supreme Court issued a 7-2 decision in Collins v. Yellen, which held that the structure of the Federal Housing Finance...
Author: Compliance Team

GSE guidance for revised General QM definition

Fannie Mae and Freddie Mac (FNMA or FHLMC, respectively, or the “GSEs” collectively) recently provided additional guidance on their changes in...
Author: Compliance Team

GSEs announce plans to limit purchases to loans meeting revised General QM rule

On April 27, 2021, the CFPB formally announced the delay of the mandatory compliance date of the General Qualified Mortgage (QM) Final Rule from July...
Author: Compliance Team

CFPB rescinds 7 pandemic-related policy statements

The Consumer Financial Protection Bureau has announced that it is rescinding seven policy statements that were issued last year to assist financial...
Author: Compliance Team

What is data validation and why is it so important?

The first step of a closing is for a massive amount of information — about the borrower, the property and the type of loan — to be entered into the...
Author: Pauline Vu
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CFPB report finds several mortgage-related violations in...
Digital closings rose 228% in 2020: ALTA survey
FHFA director replaced following Supreme Court decision
Did You Know: You can cut out the middleman and draw your...
3 reasons why your post-closing department loves eClosings...

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